MOSCOW, April 11 (Xinhua) — Trading between China\’s yuan and Russia\’s ruble on the Moscow Exchange reached a record high of 39 percent in March, up from 37 percent in February, the Russian central ba
Tag: Bank
China\’s new yuan loans rise to 3.89 trln yuan in March
BEIJING, April 11 (Xinhua) — China\’s new yuan-denominated loans totaled 3.89 trillion yuan (about 564.73 billion U.S. dollars) in March, up from 1.81 trillion yuan in February, central bank data show
China, India to account for half of global economic growth in 2023: IMF chief
NEW YORK, April 6 (Xinhua) — Managing Director of the International Monetary Fund (IMF) Kristalina Georgieva on Thursday said the world economy is expected to grow less than 3 percent this year, with
Over half of Chinese urban residents expect consumer prices to hold steady in Q2: survey
BEIJING, April 5 (Xinhua) — Over half of China\’s urban residents expect consumer prices to stay unchanged during the second quarter of 2023, said a central bank survey on Monday.
Among the 20,000 urb
China\’s entrepreneurs, bankers more optimistic about macroeconomy: central bank
BEIJING, April 3 (Xinhua) — Chinese entrepreneurs and bankers expressed growing optimism over the country\’s macroeconomy in the first quarter of this year, the latest central bank surveys showed Mond
China\’s RMB becomes Brazil\’s second-largest international reserve currency
BRASILIA, March 31 (Xinhua) — The Central Bank of Brazil announced on Friday that the Chinese currency renminbi (RMB), or the yuan, has surpassed the euro to become the country\’s second-largest inter
ASEAN to switch to local currency use in region to avoid crisis
JAKARTA, March 31 (Xinhua) — Southeast Asian countries have agreed to reinforce the use of local currencies in the region and reduce reliance on major international currencies in an effort to avoid s
Experts talk green development at Boao
Editor\’s note: Government officials, experts and executives at enterprises shared their expectations for the future of carbon neutrality and green development at the ongoing Boao Forum for Asia Annual
China, Brazil to trade in local currencies
The Chinese renminbi is speeding up in expanding its global use, a trend that will help build a more resilient international monetary system, one that is less dependent on the US dollar and more condu
BRI welcomes global participation
This aerial photo taken on Nov 23, 2022 shows a Fuxing bullet train running on the Yuanjiang bridge of the China-Laos Railway in Southwest China\’s Yunnan province. [Photo/Xinhua]The Belt and Road Init