Yuan Current Affairs, GK & News
Digital Yuan Wallet Apps
Digital Yuan is the digital currency of China. It was first launched in 2014 and has been working (test working) since then. The Digital Yuan is not a crypto currency. It is controlled by the Central Bank of China. The Government of China has plans to launch the currency internationally at Winter Olympics 2022. It ..
Month: Current Affairs - January, 2022
Category: Economy & Banking Current Affairs - 2022 • International / World Current Affairs
Topics: Bitcoin • China • Digital currency • digital yuan • Yuan
Trade Deficit with China declines Marginally in 2019
As India’s biggest single or bilateral trade deficit is with China over the last few decades which reached USD 58.04 billion in 2018, The Vice Minister of General Administration of Customs of China, Zou Zhiwu informed that the Indian marine products export to China has seen a ten-fold growth since the Wuhan Summit in April ..
Month: Current Affairs - January, 2020
Topics: bilateral trade • India China • Narendra Modi • Prime Minister of India • Trade Deficit • Wuhan Summit • Xi Jinping • Yuan
US drops Currency Manipulation Charge against China ahead of Trade Deal
According to the semi-annual report on Macroeconomics and Foreign Exchange Policies published by the United States Treasury Department on Monday 13th January 2020, United States has dropped its charges of designating China as a currency manipulator as no major US trading partner was reported as currency manipulator in the report which came less than 48 ..
Month: Current Affairs - January, 2020
Topics: Beijing • China • Donald Trump • International Trade • Liu He • Treasury Department • United States • US President • US-China Trade deal • US-China Trade War • Vice Premier of China • Washington D.C • Yuan
US labels China a Currency Manipulator
The US has declared that China as a currency manipulator. The move could further fuel the ongoing trade war between the two countries. The US has alleged that China’s Central Bank is pushing for depreciation of Yuan as retaliation for new US tariffs. Why China is called Currency Manipulator? It has been alleged that People’s ..
Topics: Currency • Currency intervention • currency manipulator • Currency war • Economy • Exchange rate • Foreign exchange market • International macroeconomics • Monetary hegemony • Money • Trade wars • US-China Trade War • Yuan
Pakistan approves issuance of ‘Panda bond’
The Pakistan Cabinet has recently approved the issuance of first-ever Chinese renminbi-denominated bonds to raise loans from China’s capital markets. The Panda bonds will be denominated in Chinese yuan. It is expected that the possible transaction size of bonds will be equivalent to $500 million in two different tranches. They will help the government diversify ..
Topics: Bond • Economy • Finance • Finance in China • Financial market • Money • One Belt, One Road • Panda bonds • Renminbi • Structured finance • Tranche • Yuan