Yuan: GK, Current Affairs, Questions, Trivia and News

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 ..

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 ..

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 ..

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 ..