Renminbi Slides after China Relaxes Currency Controls

Gabriel Wildau, Tom Mitchell, Jennifer...
Financial Times
The renminbi suffered its worst day in three months after China’s central bank scrapped two rules intended to bolster the currency in a sign that official nervousness about currency depreciation and capital flight has eased.

China’s Currency Didn’t Really Drop, Despite Jitters Over Trump

Neil Gough
New York Times
Early Tuesday it appeared the RMB had suddenly fallen more than 8%, but no deliberate devaluation took place. Instead, the culprit was a technical problem

Yuan Buckles After Latest Drop in China’s Foreign-Exchange Reserves

Gregor Stuart Hunter
Wall Street Journal
Chinese currency hits weakest level against dollar since January after reserves fall by more than forecast in September

Reports

07.01.11

The External Impact of China’s Exchange Rate Policy: Evidence from Firm Level Data

Barry Eichengreen and Hui Tong
International Monetary Fund (IMF)
The authors examine the impact of renminbi revaluation on foreign firm valuations, considering two surprise announcements of changes in China’s exchange rate policy in 2005 and 2010 and employing data on some 6,000 firms in forty-four economies...

Sinica Podcast

07.02.10

Newsweek Bid, Renminbi Revaluation

Kaiser Kuo, Evan Osnos & more from Sinica Podcast
In a sudden move clearly intended to stave off criticism at the G20 meeting in Toronto, China loosened the yuan’s twenty-three-month-old peg to the American dollar earlier this month, allowing its currency to appreciate against the greenback. This...