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Chinese Renminbi, Yuan Exchange Rates...  | Currencies and banking topics #43
 
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Exchange Rates of the Chinese currency Renminbi, Yuan... United States Dollar (USD) to Renminbi or Yuan (RMB, CNY) … United Arab Emirates Dirham (AED) to Renminbi or Yuan (RMB, CNY)… Brazilian Real (BRL) to Renminbi or Yuan (RMB, CNY)… Russian Ruble (RUB) to Renminbi or Yuan (RMB, CNY)… Euro to Renminbior Yuan (RMB, CNY)… Indian Rupee (INR) to Renminbi or Yuan (RMB, CNY)… Turkish Lira (TRY) to Renminbi or Yuan (RMB, CNY)… Japanese Yen (JPY) to Renminbi or Yuan (RMB, CNY)… Philippine Peso (PHP) to Renminbi or Yuan (RMB, CNY)… USD to Yuan (CNY)… AED to Yuan… EUR to Yuan… INR to Yuan… TRY to Yuan… RUB to Yuan… BRL to Yuan… PHP to Yuan… AED to Yuan… YPY to Yuan… CNY exchange rate today… RMB exchange rates… China currency rates… Exchange Rates Of The Bank Of China (BOC) Yuan prices... CNF Forex Rates... China's money rates... Курсы китайского юаня ... 中国银行汇率(BOC) Курсы валют Банка Китая (BOC) ... Çin Bankası Döviz Kurları (BOC) ... बैंक ऑफ चाइना (बीओसी) की विनिमय दरें ... أسعار صرف بنك الصين (بوك) ... 中国銀行の為替レート(BOC)... Taxas de Câmbio do Banco da China (BOC) ... USD/CNY, EUR/RMB, PHP/CNY, BRL/RMB, TRY/CNY, INR/CNY How much is one dollar in China... how much is 1 dollar worth in china... How much one euro equal in yuan... Yuan exchange rate chart... how much is renminbi or yuan in dollars... how much 1 euro in yuan... yuan vs dollar... 1 yuan is equal to how many rupees... Cinese currency forex exchange rate...
Exchange Rates Of The Chinese Renminbi, Yuan... | Currencies and banking topics #21
 
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Information Source: "Bank Of China" United States Dollar (USD) to Renminbi (RMB) … United Arab Emirates Dirham (AED) to Renminbi (RMB)… Brazilian Real (BRL) to Renminbi (RMB)… South Korean Won (KRW) to Renminbi (RMB)… Russian Ruble (RUB) to Renminbi (RMB)… Euro to Renminbi (RMB)… Indian Rupee (INR) to Renminbi (RMB)… Turkish Lira (TRY) to Renminbi (RMB)… Japanese Yen (JPY) to Renminbi (RMB)… USD to Yuan (CNY)… AED to Yuan… EUR to Yuan… INR to Yuan… TRY to Yuan… RUB to Yuan… BRL to Yuan… KRW to Yuan… AED to Yuan… YPY to Yuan… CNY exchange rates… RMB exchange rates… China currency rates… Exchange Rates Of The Bank Of China (BOC) Yuan prices... CNF Forex Rates... China's money rates... Курсы китайского юаня ... 中国银行汇率(BOC) Курсы валют Банка Китая (BOC) ... Çin Bankası Döviz Kurları (BOC) ... बैंक ऑफ चाइना (बीओसी) की विनिमय दरें ... أسعار صرف بنك الصين (بوك) ... 中国銀行の為替レート(BOC)... Taxas de Câmbio do Banco da China (BOC) ...
Views: 12841 BusinessMediaguide.Com
Chinese Money: A Guide | How To SPOT FAKE MONEY In CHINA | BE SAFE in China
 
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The Chinese Yuan, or RenMinBi (RMB), is the common currency of the People's Republic of China. The exchange rate of yuan to US dollars is roughly six-to-one, which makes it nice for any Americans, Brits, or Europeans coming to China. This is a guide for anyone who may not know what Chinese money looks like or what it means. It may not be entertaining, but it is an important thing to talk about. Money makes the world go round, so we should know a little something about it! :) Facebook: http://www.facebook.com/letchinasleep2 Twitter: @LetChinaSleep 我的微博:@懒惰老外 My old blog: http://www.austinguidryexperiencingchina.blogspot.com
Views: 52464 Austin In China
China raises nominal rate of RMB against U.S. dollar
 
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美 '환율전쟁 압박'에 中 인민은행 위안화 평가절상 China's foreign exchange authorities significantly lowered the exchange rate for the yuan. The move comes just days after the U.S. said it's considering new duties on goods from countries that undervalue their currencies. Kim Da-mi updates us on the situation. The People's Bank of China set its reference rate at 6-point-89 yuan against the U.S. dollar on Monday, down zero-point-one percent from the previous day. This means the Chinese yuan strengthened against the greenback. China's central bank had been raising the rate, making the currency weaker. It did so for 11 straight days until last Thursday, the 23rd, and then again the next day by a nominal amount. Technically, this is the first time the Chinese financial authorities have significantly lowered the mid-point rate since the trade talks between the U.S. and China ended without a deal on the 10th. The Chinese government has clarified that China will not tolerate a rapid devaluation of the yuan... and has blamed the depreciating yuan on the unsuccessful trade talks with the U.S. Last Thursday, the U.S. Commerce Department proposed new countervailing duties on products from countries that undervalue their currencies against the dollar. According to the department, the new rule could include new criteria for determining when currencies are undervalued. Reports say it could snare other countries, including Germany, and even South Korea. KIM Da-mi, Arirang News. Arirang News Facebook: http://www.facebook.com/arirangtvnews
Views: 85715 ARIRANG NEWS
USD-RMB Exchange Rate
 
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USD-RMB Exchange Rate
Views: 807 bonnetwork
Changing currency on the street in China: Rmb to dollars/ euros...
 
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In China in front of bank you change any currency at a higher interest rate! In fact these people work together with some bank employee... But this is totally illegal, they offer a higher interest rate and share the benefit with the bank employee (this is kind of cheating the bank). As a foreigner living in China, I would recommand changing your foreign currency with these people, you will benefit from a higher interest rate. But you should go there with a Chinese personn... Take care dear viewers! Subscribe!
Views: 1045 China Non-Stop
USD/CNY Price Forecast – Verging On Major Breakout
 
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The U.S. dollar is in the midst of a two-stage breakout relative to its long-term performance against the Chinese yuan.  The greenback began its major advance in the early parts of 2014, and these trends continued for almost three straight years before showing signs of reversal.
Views: 358 FX Empire
7-Eleven to begin offering Chinese yuan currency exchange
 
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Next month three 7-Eleven outlets will begin offering conversion of Chinese yuan into the New Taiwan dollar. The service has sparked some concerns, however, about potential impact to Taiwan’s currency sovereignty. Beginning Feb. 1, 7-Eleven will offer currency conversion of Chinese yuan into NT dollars. Only one-way transactions will be permitted, meaning 7-Eleven will only accept yuan and not convert NT dollars into yuan. Also, there is a daily cap on transactions, with each individual limited to converting 20,000 yuan a day.In 2012, FamilyMart had three stores which began offering this service, though only individuals with entry/exit permits were able to exchange yuan based on rates set by Taiwan Bank. 7-Eleven will only accept 100 yuan notes and will charge a NT$40 service fee. Family Mart accepts all banknotes and doesn’t charge a service fee.TouristI think it will be handy if convenience stores offer conversion of yuan. Going to a bank is troublesome.While tourists say it will be more convenient, some lawmakers believe that widespread use of the yuan will compromise Taiwan’s currency sovereignty.Lai Chen-changTSU LegislatorWe think this could be a very serious problem. If conversion of the yuan becomes more commonplace, the next step could be circulation and use of this currency. Taiwan’s economic and currency sovereignty would be united with China. 7-Eleven hopes to eventually expand the service to other outlets. It sees scale reaching up to NT$100 million.
How Does China Manipulate Its Currency?
 
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» Subscribe to NowThis World: http://go.nowth.is/World_Subscribe With about $400 billion in debt and a broken economy, Greece is in trouble. But, how did Greece end up with such a high debt, and who do they owe money to? Learn More: Greece's Debt Due: What Greece Owes When http://graphics.wsj.com/greece-debt-timeline/ "Greece is negotiating with its eurozone creditors to get more aid before the indebted government runs out of cash." Explaining the Greek Debt Crisis http://www.nytimes.com/2015/04/09/business/international/explaining-the-greek-debt-crisis.html "Greece, the weak link in the eurozone, is struggling to pay its debt as its people and its creditors grow more restive." Greek debts: what does it owe? When will the money run out? http://www.theguardian.com/business/2015/apr/24/greek-debts-what-does-it-owe-when-will-the-money-run-out "Crunch talks between Greece and its eurozone creditors are under way, but investors are growing increasingly sceptical that the country can reach an agreement on reforms and unlock the aid it needs from international lenders to avoid a debt default." Greek debt crisis: Who has most to lose? http://money.cnn.com/2015/01/28/investing/greek-debt-who-has-most-to-lose/ "Greece and its international lenders have embarked on a battle over the country's staggering debt." Watch More: What Happens If A Country Goes Bankrupt? https://www.youtube.com/watch?v=3PZDLG-rtGs&list=UUgRvm1yLFoaQKhmaTqXk9SA _________________________ NowThis World is dedicated to bringing you topical explainers about the world around you. Each week we’ll be exploring current stories in international news, by examining the facts, providing historical context, and outlining the key players involved. We’ll also highlight powerful countries, ideologies, influential leaders, and ongoing global conflicts that are shaping the current landscape of the international community across the globe today. More from NowThis: » Subscribe to NowThis News: http://go.nowth.is/News_Subscribe » Like NowThis World on Facebook: https://go.nowth.is/World_Facebook » Connect with Judah: Follow @judah_robinson on Twitter – Facebook: http://go.nowth.is/LikeJudah » Connect with Versha: Follow @versharma on Twitter – Facebook: http://go.nowth.is/LikeVersha http://www.youtube.com/nowthisworld Special thanks to Lissette Padilla for hosting TestTube! Check Lissette out on Twitter:https://twitter.com/lizzette
Views: 294739 NowThis World
Getting Money In and Out of China
 
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What is the best way of getting money in and out of China? If you are coming to China, should you bring cash or credit cards? Will your bank card work in ATMs and Chinese banks? What is the exchange rate in China? Can you use USD in China? Want to survive in China? Let me show you how. Join me on Facebook: http://www.facebook.com/winstoninchina Support me on Patreon: http://www.patreon.com/serpentza Twitter: @serpentza Music used: starlitdeception.s3m
Views: 70537 serpentza
Pegging the yuan | Money, banking and central banks  | Finance & Capital Markets | Khan Academy
 
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How the Chinese Central Bank could peg the Yuan to the dollar by printing Yuan and buying dollars (building up a dollar reserve). Created by Sal Khan. Watch the next lesson: https://www.khanacademy.org/economics-finance-domain/core-finance/money-and-banking/currency-tutorial/v/chinese-central-bank-buying-treasuries?utm_source=YT&utm_medium=Desc&utm_campaign=financeandcapitalmarkets Missed the previous lesson? Watch here: https://www.khanacademy.org/economics-finance-domain/core-finance/money-and-banking/currency-tutorial/v/currency-effect-on-trade-review?utm_source=YT&utm_medium=Desc&utm_campaign=financeandcapitalmarkets Finance and capital markets on Khan Academy: This tutorial walks through how China's undervaluing of its currency impacts trade and prices (which also fuels cheap borrowing for the U.S.). About Khan Academy: Khan Academy offers practice exercises, instructional videos, and a personalized learning dashboard that empower learners to study at their own pace in and outside of the classroom. We tackle math, science, computer programming, history, art history, economics, and more. Our math missions guide learners from kindergarten to calculus using state-of-the-art, adaptive technology that identifies strengths and learning gaps. We've also partnered with institutions like NASA, The Museum of Modern Art, The California Academy of Sciences, and MIT to offer specialized content. For free. For everyone. Forever. #YouCanLearnAnything Subscribe to Khan Academy’s Finance and Capital Markets channel: https://www.youtube.com/channel/UCQ1Rt02HirUvBK2D2-ZO_2g?sub_confirmation=1 Subscribe to Khan Academy: https://www.youtube.com/subscription_center?add_user=khanacademy
Views: 113387 Khan Academy
My Foreign Currency Collection 2018 + Exchange Rates USD
 
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So here it is people. Part 1 of my currency collection. In this video I show you the foreign bank notes I've collected throughout the years. In the next video I will show you the coins that my wife and I have collected! Exchange rate to USD included. Foreign Bank Notes in this video: Bolivian Bolivianos, Brazilian Real, Canadian Dollar, Chinese Renminbi Yuan, Chinese Wu Jiao, Chinese Yi Yuan, Danish Krone, European Euro, Haitian Gourde, Hong Kong Dollar, Hungarian Forint, Icelandic Krona, Indonesia Rupiah, Italian Lira, Jamaican Dollar, Japanese Yen, Mexican Peso, Mongolian Tögrög (Tugrik), Nigerian Naira, Swedish Krona, Philippine Piso, Polish Zloty, Singapore Dollar, South Korean Won, Norwegian Krone, Turkish Lira and the British Pound (United Kingdom) Pound. Social Media: ► Instagram: https://www.instagram.com/eliterb28/ ► Snapchat: www.snapchat.com/add/eliterb28
Views: 34726 The Angry Spud
Will China's Currency Dominate the US Dollar? | China Uncensored
 
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Could China's yuan rival the US dollar as the next major reserve currency? The IMF has made the Chinese yuan, or renminbi, the only non-democracy to be included in the SDR, or Special Drawing Rights. What does any of that mean?! Watch China Uncensored to find out what this means for the global economy. Join the China Uncensored 50-Cent Army! https://www.patreon.com/ChinaUncensored Subscribe for more China Uncensored: http://www.youtube.com/ntdchinauncensored Make sure to share with your friends! ______________________________ Twitter: https://twitter.com/ChinaUncensored Facebook: http://www.facebook.com/ChinaUncensored Google+: https://plus.google.com/+NTDChinaUncensored Instagram: instagram.com/ChinaUncensored ______________________________ MOBILE LINKS: 5 Ways Star Wars is Surprisingly Like China https://www.youtube.com/watch?v=Q49ZGvfGOIU China Sells Killer Drones to the Middle East https://www.youtube.com/watch?v=pDd4or3ckgg
Views: 208934 China Uncensored
Focus on RMB rate VS USD transition since 1994 currency reform China government 人民币 1994年以来的汇率變遷
 
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China took another step on Saturday towards turning the yuan into a global currency by doubling the size of its trading band against the dollar to 1 percent. By peeling back trading restrictions on the yuan, Beijing is working toward its goal of having a currency that trades relatively freely, or is basically convertible, by 2015. Below is a timetable of key reforms to China's foreign exchange system. 1988 - China sets up semi-official currency swap centres around the country to allow firms to trade the yuan, also known as the renminbi or "people's currency", at a rate that better reflects market demand. 1994, Jan - China unifies its dual exchange rates by aligning official and swap centre rates, officially devaluing the yuan by 33 percent overnight to 8.7 to the dollar as part of reforms to embrace a "socialist market economy". 1994, Apr - China sets up its first interbank currency market in Shanghai, the China Foreign Exchange Trade System. The yuan's value is fixed around 8.28 to the dollar and the central bank intervenes to keep it stable. 1996, Dec - China allows the yuan to be fully convertible under the current account. 1994-1996 - The yuan strengthens steadily from 8.7 to the dollar to around 8.28. 1997-1999 - China wins wide praise for keeping the yuan stable during the Asian financial crisis despite pressure to devalue. The yuan was boxed between 8.2770 and 8.2800 for about three years through frequent central bank intervention. 2000 - China allows the yuan to close slightly above its 30-basis-point band, which is later widened by 10 points to 8.2760-8.2800 against the dollar. 2001, Dec - China joins the World Trade Organization and pledges to gradually adjust its currency regime. 2003 - China's huge trade surplus with the United States and the rest of the world leads to mounting international pressure on Beijing to let the yuan rise to balance global trade. 2004, Dec - Premier Wen Jiabao says China will move gradually towards a flexible currency regime. 2005, Jul - China revalues the yuan by 2.1 percent and revises rules governing its currency, saying it has shifted to "a managed floating exchange rate based on market supply and demand with reference to a basket of currencies". The central bank says the dollar, euro, yen and Korean won are the main currencies in the basket. Others include the Singapore dollar, sterling, Malaysian ringgit, Russian rouble, Australian dollar, Thai baht and Canadian dollar. The weightings are secret. 2007, May - China widens the yuan's daily trading band against the dollar to 0.5 percent from 0.3 percent. 2008, Jul - China's central bank effectively pegs the yuan against the dollar at 6.83 to help its economy ride through the worst of the global financial crisis. 2009, Jul - China takes a step towards internationalizing the yuan by launching a pilot programme that allows selected Chinese regions to pay for imports and exports in yuan. 2010, Jun - China says it is resuming its reforms of the yuan exchange rate and increasing currency flexibility, effectively ditching a two-year peg to the dollar that was enacted during the global financial crisis. 2012, Feb - The yuan hits a record high of 6.2884 per dollar. 2012, Mar - China steps up efforts to internationalize the yuan by allowing all firms in the country to pay for imports and exports in yuan. 2012, Apr - China widens the trading band for the yuan against the dollar to 1 percent from 0.5 percent. Focus on RMB rate against USD transition since 1994 currency reform China government 聚焦人民币 1994年以来的汇率變遷,for more information about china world news visit site at http://youtube.com/user/cosmeticmachines as well as business website at http://penglaichina.com
Forex Power Signals on  CNY/USD, INR/USD, BRL/USD & RUB/USD
 
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For today's Targets in Focus, Dukascopy TV journalist Navjeet Grewal interviews William W. Robbie , Fund Manager and Currency Strategist at Forex Power Signals. William discusses currency pairings CNY/USD, INR/USD, BRL/USD & RUB/USD. William tells viewers why he thinks the Chinese Yuan recently rose beyond 6.28 per dollar for the first time in 19 years.
Views: 406 Dukascopy TV (EN)
Yuan exchange rate reforms to hit speculators
 
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China loosened its grip on the yuan-to-dollar exchange rate last Saturday, widening its daily trading band to two percent from one. The change went into effect on Monday. Analysts said the move will not only discourage speculation, but also hasten the internationalization process for the yuan.
Views: 245 New China TV
China's RMB Exchange Rate With Dollar Rises, But Devalues Internally
 
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Follow us on TWITTER: http://twitter.com/cnforbiddennews Like us on FACEBOOK: http://www.facebook.com/chinaforbiddennews Chinese people are mocking rising exchange rate prices for the Renminbi, despite it having devalued inside China. One young man was interviewed by China's Central Television (CCTV) during the Third Plenary Session of the Chinese Communist Party (CCP). He highlighted that this is the issue of "most concerns for reforms". Analysts say that the RMB has been repeatedly devalued in China. However, the exchange rate against the dollar has continued to rise. The result is that the Chinese people can't afford to live, and foreign companies are constantly complaining. On November 12, the four-day party meeting came to a close. Prior to this, a CCTV reporter interviewed Chinese people on the street, with many responding that they didn't know what the Third Plenary Session was about. Instead, people complained about increasing house prices, and expensive medical care. One man said that the "RMB is in a sorry state for the Chinese people." Hua Po, current affairs commentator: "RMB has repeatedly depreciated, but the price of goods has risen. The exchange rate for the RMB against the dollar has continually risen. For ordinary Chinese people, prices are higher, but their incomes can't pay their bills. Thus, they complain everyday about the high prices." Hua Po says that foreign trade companies are also complaining. Because RMB exchange rates are constantly rising, their export competition has been deeply weakened. Who is benefiting from this situation? Hua Po: "The privileged groups within the CCP can benefit. This is because they can push the prices very high inside China, and thus make the RMB devalue. Once they acquire devalued RMB, they can exchange it to dollars at a good rate, and then transfer it abroad. This system has become very profitable." Chinese state media reported that 'Grandma Li' went to buy rice in a market. She found the price went up to 6.6 yuan per kilogram, and could remember that it was 3.8 yuan per kilogram in 2005. Lan Jiping, Professor at Capital University of Economics and Business in Beijing, also took rice as an example. Lan calculates the value for 1000 yuan, which is equivalent to 576 yuan in 2005. It means that 1000 yuan has lost value by 424 yuan within eight years. Money Weekly reported that cloth was worth a few dozen yuan in the past. It is now selling for over a thousand yuan. Property prices have risen from several thousand yuan per square meter to between 30,000 to 40,000 yuan. Taking these cases as examples indicates that RMB has devalued by 500% within eight years. Gong Shengli, researcher, China Financial Intelligence Unit:"Chinese people's income hasn't increased accordingly. Who should pay them money? Civilians have to pay more, but they don't get the income they need to do so." Hong Kong's Oriental Daily describes that China is the worlds largest bank note printing country. At the end of 2012, China's money supply reached 97.4 trillion yuan. This is nearly taking up 25% of the global total, and is 1.5 times greater than the US. The report says that the madness of printing money is equivalent to simply ripping off it's civilians. Zhu Xinxin, former editor, Hebei People's Radio Station:"The CCP uses different ways to plunder from its citizens, some of which are visible, the others invisible. There are so many different taxes and fees, which civilians become heavily burdened by." Zhu Xinxin suggests that large amounts of bank notes have been printed, resulting in the rich becoming richer, and the poor becoming poorer. Rich people are using financial leverage to increase their wealth, and poor people are finding it difficult to survive. Zhu Xinxin: "CCP propaganda of China as a prosperous nation is an entirely illusory image. The truth is one of rich officials and poor civilians. Actually, the privilege group of CCP officials have seized the national assets in their hands." Sources indicate that 0.4% of the Chinese people have seized 70% of China's wealth. The high-level CCP, and the families of officials and princeling covert both the money and land. They launder the money, and their assets have reached thousands of billions of yuan. Sources say that PetroChina, China Mobil, Industrial and Commercial Bank, and other major state-run companies' were listed on the US stock market. US The state-run People's Tribune newspaper has reported that in 2009, relevant organs announced the 3,000 richest Chinese families. These families' wealth has a net worth of 1.69 trillion yuan. The article admitted that two out of three resources of the richest families are "red families and red businessmen." 《神韵》2013世界巡演新亮点 http://www.ShenYunPerformingArts.org/
Views: 825 ChinaForbiddenNews
Understand Chinese money: How much it's worth and your daily cost
 
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When planning to travel or live abroad, currency exchange rates and living cost are the biggest economic factors that have a huge effect. Today, we visualized the boring currency rates with REAL MONEY! Hope that helps!
Views: 2698 TeachFuture .com
China to stick to reforms in RMB exchange rate
 
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Subscribe to us on Youtube: https://www.youtube.com/user/CCTVcomInternational Follow us on: Facebook: https://www.facebook.com/cctvcom Twitter: https://twitter.com/cctv_english Instagram: http://instagram.com/cctvenglish Weibo: http://weibo.com/cntvenglish Subscribe to us on Youtube: https://www.youtube.com/user/CCTVcomInternational Follow us on: Facebook: https://www.facebook.com/cctvcom Twitter: https://twitter.com/cctv_english Instagram: http://instagram.com/cctvenglish Weibo: http://weibo.com/cntvenglish Subscribe to us on Youtube: https://www.youtube.com/user/CCTVcomInternational Follow us on: Facebook: https://www.facebook.com/cctvcom Twitter: https://twitter.com/cctv_english Instagram: http://instagram.com/cctvenglish Weibo: http://weibo.com/cntvenglish Subscribe to us on Youtube: https://www.youtube.com/user/CCTVcomInternational Follow us on: Facebook: https://www.facebook.com/cctvcom Twitter: https://twitter.com/cctv_english Instagram: http://instagram.com/cctvenglish Weibo: http://weibo.com/cntvenglish
Views: 44 CCTV English
Yuan-Niversary: One year since exchange rate reform
 
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It has been a year since the People's Bank of China (PBOC) carried out extensive exchange rate reform, marketizing the yuan’s exchange rate against the dollar. The PBOC now maintains the stability of the yuan against a basket of currencies set by the International Monetary Fund (IMF), fixing the yuan's daily trading midpoint according to the currencies' closing rates on the previous day. Subscribe to us on Youtube: https://goo.gl/lP12gA Download for IOS: https://itunes.apple.com/us/app/cctvnews-app/id922456579?l=zh&ls=1&mt=8 Download for Android: https://play.google.com/store/apps/details?id=com.imib.cctv Follow us on: Facebook: https://www.facebook.com/cctvnewschina Twitter: https://twitter.com/CCTVNEWS Google+: https://plus.google.com/+CCTVNEWSbeijing Tumblr: http://cctvnews.tumblr.com/ Weibo: http://weibo.com/cctvnewsbeijing
Views: 485 CGTN
U.S. RMB exchange rate accusation unjustified: experts
 
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Experts say the U.S. accusation that China's currency, renminbi, remains "significantly undervalued" is not justified.
Views: 71 New China TV
the relationship between the current account balance and exchange rates of RMB against USD
 
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A nation's balance of payments measures all economic transactions between that nation's people and the people of all other nations. A country that spends more on imports than it earns from the sale of its exports is said to have a trade deficit. Such imbalances have become controversial topics of debate in political and economic circles, particularly over the last decade as the Chinese economy has emerged as the world's largest exporter. As goods and services flow from one country to another, the exchange rates of those countries' currencies tend to fluctuate to promote balanced trade between the two nations. However, in some cases, most notably China, a country's central bank will intervene in the market for its own currency to manage its exchange rate against that of a trading partner. When such interventions occur, the normal, moderating effect that rising and falling exchange rates has on trade flows is disrupted, and trade imbalances can become persistent. This Video illustrates how trade flows should lead to appreciation and depreciation of currencies in a floating exchange rate system, and then explain how in the case of China, central bank policy aimed at buying large quantities of US government debt keeps the supply of Chinese currency high in the US and the demand for US dollars high in China. This means the dollar remains stronger than it otherwise might relative to the Chinese RMB, contributing to the persistent trade deficits the US exhibits in its trade with China.
The Dollar-Yuan Exchange Rate is a Very Poor Trade Candidate for Trade Wars
 
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Talking Points: • Trade wars are a critical fundamental theme that will likely motivate much of the volatility and momentum in the near future • While it is essential to account for this global stand off - and even take advantage - the Dollar-Yuan is a poor outlet • Being so close to the heart of trade wars, a conduit for remarkably uncertainty and presumed intervention makes USDCNH a risk See how retail traders are positioning in USDJPY, other FX crosses, indices, gold and oil intraday using the DailyFX speculative positioning data on the sentiment page. (https://www.dailyfx.com/sentiment?ref-author=Kicklighter)
Views: 1760 DailyFX
Dollar vs RMB—Which one is safe for investors?
 
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Follow us on TWITTER: http://twitter.com/cnforbiddennews Like us on FACEBOOK: http://www.facebook.com/chinaforbiddennews Since 2008, the United States has been at the center of the financial storm, and even once faced the risk of debt default. While China has reached currency swap agreement with 21 countries and regions, will the RMB replace the dollar and become the dominant reserve currency? Please see our analysis. Economist Eswar Prasad pointed out that despite the upheaval in the U.S. economy, the U.S. dollar remains the dominant reserve currency. Eswar Prasad is a Senior Fellow at the Brookings Institution, the American think tank. He explained the world relies on the security of the dollar, which "the rest of the world has a great deal of trust in." In fact, the dollar holds its power even during the financial crisis. Eswar Prasad said that international investors will always turn to the dollar because of the "deep financial markets, a powerful central bank and legal framework the rest of the world has a great deal of trust in." Eswar Prasad also indicated that the U.S. will not resort to inflation to reduce debt, this could damage both international investors as well as American investors. Eswar Prasad, former head of the Financial Studies Division and the China Division at the IMF, International Monetary Fund. In his new book, "The Dollar Trap", he believes that the dollar will remain as the dominant reserve currency. The RMB will not displace the dollar any time soon because of China's political system. He indicated that given the current political system and the legal framework in China, it's unlikely China will be viewed as a safe haven for investors, but rather a diversified reserve. Xie Tian, Professor of Marketing at the University of South Carolina Aiken indicates that: as a world model in politics, economy, military, social and culture, and the moral appeal, the United States has the strength that no other democratic country could compare. Xie Tian, professor of Marketing at University of South Carolina Aiken: "The United States is now completely out of recession with annual economic growth of 2% to 3%. European countries are still struggling, so is Japan. While China is just entering the economic crisis. In this case, the dollar has undoubtedly become the safe haven as the reserve currency." According to the Treasury International Capital report, China, the largest foreign holder of the bills, boosted its holdings by $12.2 billion USD to $1.32 trillion USD, - a record high. China's foreign exchange reserves rose to $ 3.82 trillion USD at the end of 2013, which is $ 509.7 billion more than a year earlier, the People's Bank of China said on Wednesday. Both foreign exchange reserves and the annual growth rate have reached a record high. Xie Tian points out that China's large foreign exchange reserve reflects the Communist regime's lack of confidence. The exchange rate between dollars and RMB is close to 6, a new high since 2005. The balance of M2, China's broadest measure of money supply, recorded 107.93 trillion yuan ($17.78 trillion), in December 2013, from 30 trillion yuan ($4.942 trillion) at the end of 2005. That is a 218% growth in eight years, while the United States only experienced a growth of 55%. The New York Times indicated in its January 16 report that because of the amount of money sloshing around China's economy,housing prices have soared, feeding fears of a bubble, while leaving many ordinary Chinese people feeling poor and left out. An economic column in China also reported that: Chinese people have become the ultimate scapegoat of the appreciation of the RMB overseas, but depreciation domestically. Ren Zhongdao, financial analyst: "The Communist regime has become the world's largest cash printing machine. According to the Chinese broad measure, the RMB supply has exceeded 1.5 times that of the dollar." Xie Tian: "There has been a double-digit inflation in China because of the abusive printing of the RMB by the Communist regime. In fact, the regime is facing an even greater financial crisis, whether it is the real estate bubble, the declining stock market, or the immeasurable local debts." Xie Tian points out that the final economic collapse is inevitable in China, on account of the habitual cash printing of the regime. He believes that the economic collapse would naturally lead to the collapse of the communist regime. 《神韵》2014世界巡演新亮点 http://www.ShenYunPerformingArts.org/
Views: 423 ChinaForbiddenNews
Free Renminbi Exchange Rate versus the Dollar
 
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http://www.theforexnittygritty.com/forex/free-renminbi-exchange-rate-versus-the-dollar Free Renminbi Exchange Rate versus the Dollar By www.TheForexNittyGritty.com China is allowing banks to set a free Renminbi exchange rate versus the dollar in over the counter trading. This may well be a first step in freeing its currency from state control according to a Reuter's article reported in the New York Times. China has permitted banks to freely set their own exchange rates for the renminbi against the dollar in over-the-counter transactions - another step toward freeing the exchange rate from government control. China has been moving slowly toward a free floating currency although slower than North American and European nations would have liked. Most recently banks were required to set Renminbi US dollar exchange rates within three percent of a government dictated exchange rate. The bottom line to a free Renminbi exchange rate versus the dollar is that China believes that its currency is now fairly priced versus the US dollar. As such a free Renminbi exchange rate versus the dollar or other major currencies will not result in a run on the dollar or a run on the Renminbi. Renminbi Internationalization It is a goal of the Chinese government to internationalize the Renminbi. According to the Euromoney online the move to a free Renminbi exchange rate versus the dollar is meant to further the Renminbi's internationalization. A common complaint of companies working in China is managing liquidity with what has been a government controlled currency. In a survey conducted by Euromoney's Research Group in association with ICBC on the Renminbi's rise, close to 3,000 treasury and finance professionals of international companies with exposure to China responded and shared their views on renminbi liquidity management, cross-border trade settlement, inter-company invoicing and some of the main operational challenges corporate treasurers face in the country. Additionally, China would like to have the clout that the US does in international affairs as seen in the ability of the United States and its Western allies to shut down trade with rogue nations via the international banking system. A free Renminbi exchange rate versus the dollar could be viewed with that aspect in mind as well. Free Trade, Fair Trade and Central Banks A seemingly eternal complaint of the North Americans and Europeans is how China manipulates its currency in order to drive up the value of the US dollar and Euro. This practice has made Chinese products more competitive and resulted in the growth of the Chinese industrial machine. Now that there is a move to a free Renminbi exchange rate versus the dollar, one might be naïve enough to think that currency manipulation is over with. Think again. Central Banks are always free to buy and sell currencies and even with a free floating Renminbi the People's Bank of China can still buy dollars to drive the price up and maintain a competitive advantage in trade. Meanwhile China is poised to pay for Russian oil and natural gas in Renminbi, trade Renminbi in London and is setting up Renminbi clearing bank in South Korea to facilitate a bilateral trade deal and trade denominated in Renminbi. Chinese and South Korean leaders have pledged to sign a bilateral trade agreement by the end of this year and introduce direct trading of their currencies to spur cross-border renminbi transactions and deepen economic ties in two of Asia's largest economies. So much for the USD as the only currency to trade against the minor currencies of the world! http://youtu.be/H0e5BJAYo-U
Views: 2459 ForexConspiracy
China's central bank official dismisses RMB concerns
 
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Yao Yudong, head of the Research Institute of Finance and Banking under China's central bank, dismisses concerns about RMB exchange rate fluctuation. Following the decision of the International Monetary Fund to include the RMB in its SDR basket, Yao said Chinese economy can offer more liquidity for the global market. Besides, many developed and emerging countries could search for investment from Chinese enterprises and banks, especially the Asian Infrastructure Investment Bank or AIIB.
Views: 253 New China TV
🇨🇳 China's 'petro-yuan': The end of the dollar hegemony? | Counting the Cost
 
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In an attempt to reshape the global oil market, the Shanghai International Energy Exchange has launched the first crude futures contracts priced in Chinese reminbi, or yuan. China, the world's biggest oil importer buys around nine million barrels of oil every day and it wants to use its own currency to price the world's most-traded commodity. The US dollar has been the main currency for oil futures contracts, so launching a contract in its domestic currency is a sign that China wants the yuan to play a bigger role in global oil trading. China is also taking on the world's most used oil benchmarks, Brent and WTI crude, which are both priced in dollars. But Shanghai-traded oil is still far away from earning benchmark status and taking on the petrodollar won't be easy. "For now, it doesn't mean many changes. Oil is still going to trade in the US dollar, but increasingly over time, there will be more transactions ... but this is not a gamechanger, yet," Michal Meidan, Asia analyst for Energy Aspects, tells Counting the Cost. "The goal is for China to establish an Asian benchmark that will reflect Chinese consumption and more broadly Asian demand patterns", but he believes "it's highly unlikely" that the yuan will challenge the dollar in the near future. Meidan explains that the Chinese yuan would have to become "freely convertible, we would need other countries to open up to settlement in the renminbi; but the primary issue will be currency convertibility. And for now, the Chinese government is very reluctant to loosen currency controls and to give it up to free trade." "It's unlikely China will loosen the reigns on their currency", says Meidan, "It's very hard to see that happening in the coming five years. They still have a lot of domestic challenges that they need to meet and the government and Xi Jinping are in agreement that the state and the party needs a very firm control over that [currency]. If liberalisation was the trend in the 1990s, I think we're very much seeing a reversal of that. China is very much willing to become a global player, but under its own terms. And whether the global market or global investors are happy to take that on - I think we're not seeing a huge amount of appetite for that yet." Also on this episode of Counting the Cost: Tech giants: Technology stocks have had a dramatic week. At one point the so-called "FANG" stocks of Facebook, Amazon, Netflix and Google saw their worst one-day loss as a group. But by Thursday, they managed to end the quarter higher. It's all because the business models of tech titans like Facebook have been getting more attention from regulators. Micro-targeting: Facebook is promising to end partnerships with several data brokers that help advertisers target people on the social network. The company is trying to limit the fallout from allegations that the British firm, Cambridge Analytica, improperly accessed user data to influence the 2016 US elections, as Jonah Hull reports from London. Amazon tax: Reports that US President Donald Trump is looking to change the way online retailer Amazon is regulated sent its share price plummeting earlier this week. At one point stocks fell by as much as 7.4 percent, wiping more than $50bn from Amazon's market value. Katia Lopez-Hodoyan reports from Washington, DC. Saudi solar: Saudi Arabia and Japan's Softbank signed up to a $200bn solar mega-plan. It will feature the biggest battery ever made and networks of solar panels across the Saudi Arabian desert. But several analysts cautioned the current agreement is not binding and could be revised. Somalia tax: Anger is growing from consumers in Somalia over the rising cost of shopping and eating out. It's because of the five percent sales tax, the first sales tax in nearly 30 years. The government says the levy is crucial for Somalia's economic recovery, as Mohammed Adow reports from Mogadishu. Africa CEO Forum: The annual Africa CEO Forum's two-day event held in Ivory Coast featured discussion and debate around the economic and industrial challenges facing the African continent. It comes just one week after the leaders of 44 African countries signed a framework deal to create one of the world's largest free trade blocs. But Nigeria and South Africa, two of the continent's biggest economies have yet to sign up. Cyprus tourism: Tourism is booming in Cyprus, as the island works to recover from a damaging financial crisis five years go. Not all areas, though, are reaping the rewards of those seeking sunnier shores. More from Counting the Cost on: YouTube - http://aje.io/countingthecostYT Website - http://aljazeera.com/countingthecost/ - Subscribe to our channel: http://aje.io/AJSubscribe - Follow us on Twitter: https://twitter.com/AJEnglish - Find us on Facebook: https://www.facebook.com/aljazeera - Check our website: https://www.aljazeera.com/
Views: 128672 Al Jazeera English
Putting On a Long-Term US Dollar/Chinese Yuan Trade
 
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Learn to invest and trade: http://www.informedtrades.com Key points in this video: 1. USDCNH is has fallen back into its price channel and is now at the top trendline of the channel. Given the ongoing initiatives of the PBOC to internationalize the yuan, I think this may be a good time to short the yuan. Accordingly, I just entered a small position with my stop 1,000 pips above at 6.45 and a target profit of the lows from 2014 near 6.00. 2. We are seeing USD at resistance against EUR, and also approaching resistance against gold. This may fit the theme of USD weakness getting ready to appear. 3. If dollar weakness does appear, the holding pattern on TLT -- the ETF tracking long-dated US Treasury bonds -- may break south. We may also see oil rise too. 4. High grade copper continues to head south, and may complete an AB=CD pattern that would give it a target of around 2.03. I don't have a trade on here, but it may be a nice reward/risk setup for those who wish to trade copper.
Views: 527 InformedTrades
rmb to usd
 
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rmb to usd Watch my video rmb to usd and learn how to convert Chinese Yuan Renminbi (CNY) currency and USA dollar (USD). Chinese Yuan Renminbi (CNY) = The yuan (元/圆) (sign: ¥) The distinction between the terms "renminbi" and "yuan" is similar to that between sterling and pound USA dollar (sign: $; code: USD; also abbreviated US$ XE online currency converter and calculator rmb to usd Contact: Christos Pittis website: www.christospittis.com https://www.udemy.com/u/christospittis/ twitter: https://twitter.com/CPITTIS facebook page: https://www.facebook.com/christoscpittis email: [email protected] https://www.udemy.com/u/christospittis/ YouTube: https://www.youtube.com/channel/UClqulZeiMIfgPv_LirylA0g/videos
चाइना में क्या है वैल्यू भारत के १ रुपए कि ? Chinese Yuan ! Chinese Exchange ! China Currency !
 
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नमस्कार दोस्तों आज इस विडियो में चाइना में कौन सी मुद्रा चलती है इसके बारे में बताया गया है अच्छा लगता है तो लाइक करे शेयर करें धन्यवाद। Business Inquiries : [email protected] Follow Me Instagram- https://www.instagram.com/travelvikas/ चाइना में क्या है वैल्यू भारत के १ रुपए कि ? Chinese Yuan ! Chinese Exchange ! China Currency ! India To chain currency Hindi china currency name, china currency value, china currency in hindi, china currency rate, #china #chinacurrency
Views: 70953 Travel Vikas
Inside the Chinese Basket: Is China Manipulating the Currency Exchange Rate?
 
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Speaker: Kazuo Yamazaki "Everybody is talking about China. In fact, everybody should be talking about China. According to the Nobel Laureate economist Joseph Stiglitz of Columbia University, China is today experiencing "the most remarkable economic transformation in history." But this "most remarkable economic transformation in history" has come with its cost, and this cost could be huge. Economists such as Morgan Stanley Andy Xie argues that China has been stuck in "macro trap" that disallows itself to freely control its interest rate or the exchange rate, and the hard landing due to the real estate bubble in 2007-08 is very possible. The other side of the picture of China's trade surplus has been the US current account deficit that has reached an unprecedented level of $820 billion in 2005 alone. Policymakers such as Schumer and Graham have been trying to impose tariff rates on the Chinese imports. Now Grassley and Backus are taking actions to put sanctions on the Chinese imports if necessary. John Snow of the US Treasury Department expressed his opinion that China has been manipulating its currency exchange rate for its export advantage. Chinese President Hu Jintao came to Washington to discuss the trade friction issue with President Bush but only left without making much progress. People's Bank of China has recently risen its domestic lending rate by 27 basis point and appreciated RMB below 8RMB-1USD. Yet, the internationally community remains unsatisfied. The world has seen such trade frictions before; during the Great Depression or the rise of Japan in the 1980s. Unfortunately, the world has never witnessed any good result out of these economic conflicts either. For example, economists such as Robert McKinnon of Stanford University points out that one of the main causes of Japan's Lost Decade in Great Deflation was due to the forced appreciation of Japanese Yen in the 1980s. My research combines information from different credible sources, and reaches several conclusions. Some of them are: 1) There has been an economy recycle between the US and China. 2) China does manipulate currency exchange rate, although plenty of countries have done the same in history. 3) People's Bank of China has not raised its rate partially to justify the devalued exchange rate of Chinese currency Rembini. 4) RMB is pegged to the basket with the USD being the dominant force inside the basket. 5) The global imbalance has been expanding in its magnitude day by day, and both China and the US have roles to play."
Views: 1344 aaaricuny
💵 Dollar, gold and the Chinese yuan Triangularity 🛆 | Ashraf Laidi
 
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Ashraf Laidi explains how to trade the U.S. Dollar vs. gold and the Chinese yuan. He explains how the Chinese weakens the yuan and how to exploit that tendency when the yuan reaches certain barriers. He also provides analysis on the sterling if the UK faces a hard Brexit. 1:54 - Correlations 4:17 - Brexit & forex markets Facebook: https://www.facebook.com/FollowMoneyShow/ Twitter: https://twitter.com/MoneyShows LinkedIn: https://www.linkedin.com/company/moneyshow/ #trading#currency#dollar#gold#chineseyuan#tradewiser#stocks
Views: 304 MoneyShow
Try Trump Trade of 2019 - USD strength, Korean Won potential 'halving' spike, HKD, CNY pain, Crypto?
 
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The Intersection of a Currency Crisis & Crypto/Bitcoin coming of age, in a smart Tech literate country S Korea, Trump Trade wars causes meltdown to the Korean Won to USD & a Bitcoin Mega Moon. Trump vs China to pour petrol on SE Asia Currency panic into Crypto. Crypto as Safe Haven Panic Room Especially but not restricted to Residents of Pakistan[USDPKR parabolic], Hong Kong [peg Fail coming], China & Korea, should dump their Fiat Real Quick ideally for Bitcoin imv. All Others Buy Bitcoin & smidgeon of Dollar My Trade of the Year 2019 - $BTC/KRW, Bitcoin Korean Won, why a currency crisis in SE Asia Could see Crypto as Safe Haven Panic Room - BTC Thru to 5 Digits plus. Can't Trade this pair? Still big possible gains in: Our pick for The Sniper 'Moon' Trade of the year:- " $BTCKRW " FX Trader only - $USDKRW Crypto Trader without access to 'KRW' Crypto mix - $BTCUSD will do great. Also Good BTCCNY/H, BTCPKR [Pakistan Locals] https://themarketsniper.com Click here to get Started. Also register for a 6 part Free Mini-Series here 1 Video a day https://jd306-5e801c.pages.infusionsoft.net/ Originator of The Hunt Volatility Funnel Method [HVF Method] Trader, Technical Analyst & Teacher (c) Copyright 2019
Views: 1289 Francis Hunt
Definition of exchange rate
 
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Definition of exchange rate #exchange #rate exchange rate XE - The World's Trusted Currency Authority X-Rates: Exchange Rates Currency Converter | Foreign Exchange Rates | OANDA Live Exchange Rates | OANDA Exchange Rates BOC EXCHANGE RATE(new) Exchange rate - Wikipedia Exchange Rates - Bank of Canada Foreign Currency Exchange Rates | Scotiabank currency exchange google exchange rate today exchange mail exchange rate indian rupees to saudi riyal indian rupee exchange rate currency exchange live live currency converter محول العملات جوجل Exchange rates graphs - NZD USD | ANZ Exchange Rates - Visa Europe Exchange Rate Definition | Investopedia Exchange Rates Foreign Currency T/T Exchange Rates - Hang Seng Bank ... Exchange Rate Alerts | Rate Notifications by TransferWise Foreign Exchange Rates | BMO Bank of Montreal Exchange Rates - Banque Misr Bank of Israel - Exchange Rates Central Bank of Sri Lanka - Exchange Rates Exchange rates - BNZ Exchange Rates | Bank Negara Malaysia | Central Bank of ... Exchange Rate Notifications - Central Board of Excise and ... abokiFX | Your daily Naira exchange rate Foreign exchange rates | Australian Taxation Office Foreign exchange rates | International & Migrant - Westpac ... Euro exchange rates USD - European Central Bank - Europa Currency Converter | Get Live Currency Exchange Rates | ... Foreign Exchange Rates New Zealand Customs Service : Customs rates of exchange Currency converter & exchange rate calculator | Travelex PACIFIC Exchange Rate Service FRB: H.10 Release--Foreign Exchange Rates--Country Data UN Operational Rates of Exchange - Rates Exchange Rates | RBA Treasury Reporting Rates of Exchange - Bureau of the ... Currency Exchange Rates - Investing.com USD to MXN Exchange Rate - Bloomberg Markets Exchange Rate Archives by Month - IMF T/T Exchange Rates against HKD | Investment | Bank of ...
CHINESE CURRENCY: MORE FLUCTUATIONS, MORE VOLATILITY
 
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https://cnb.com/global-perspectives China recently announced that it will double the permissible band within which the Chinese yuan (CNY) can fluctuate from the daily fixing rate. The timing of this announcement was a surprise and it was bold. But in the overall scheme of things, it is perfectly in sync with China's New Year's resolution to further deregulate its semi-fixed exchange rate system this year, or more directly, fulfill its ambitions of making the CNY an internationally accepted currency. There are several implications of this move: First, there will clearly be larger fluctuations and more volatility for the CNY going forward. Ever since the People's Bank of China (PBoC) hinted that the CNY may deregulate further, the currency has seen 12 times more volatility. Investors should realize that they have to start thinking about managing any CNY exposure they have. Second, the CNY will no longer be a one-way bet. It was well-known that the CNY was undervalued and so there was only a one-sided CNY appreciation expectation in the market. The new, two-way flows will allow a more balanced market expectation and hopefully an efficient allocation of capital. Finally, PBoC won't need to intervene in the market as aggressively, which means that it will buy less U.S. dollars (USD), EUROs (EUR) or U.S. Treasuries. The more than $3 trillion in foreign exchange reserves held by China is said to be primarily in USD but somewhat diversified into the EUR. My View: Corporations that have exposures to China may start planning to hedge their FX risks. City National Bank was one of the first banks in the U.S. to offer offshore Chinese yuan (CNH) payments, deposits, and options to our clients. We have dedicated China specialists. We look forward to helping you find the right solutions for your firm.
Views: 59 City National Bank
RMB Climbs against USD with 225 Points largest increase for 8 months 2014 currency war global rate
 
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Yuan central parity soared 225 points in nearly eight-month high China Securities Reuters US dollar index fell due to the outer disk, the establishment of Canada's offshore RMB center, Hong Kong and Shanghai through November 17 start, the RMB spot rate opened 90 points higher, median price soared 225 points, hitting eight-month high. In a large number of security incidents after the busy fire fighting and rescue us learn from their mistakes, began to take the catch of network information security work, we have developed an information security policy, a clear information security management and each employee's duties, the establishment of a safety-related workflows and the entire staff of the Information Awareness Publicizing. US futures were down due to the outer disk, Canada established an offshore RMB center, Hong Kong and Shanghai through November 17 start, the central parity of RMB against the US dollar soared 225 points, hitting eight-month high. The supply chain is one of the best entry point for the implementation of network failure, more and more refined in today's business division, managing suppliers and partners security, as important to protect ourselves. Subsequently, the interbank foreign exchange market spot exchange rate of RMB against the US dollar opened at 6.1139, appreciation 90 basis points. RMB Climbs against USD with 225 Points largest increase for 8 months 2014,for more information about china economy visit site at http://youtube.com/user/cosmeticmachines as well as business website at http://penglaichina.com
Chinese Yuan Hits Lowest Level in Almost 8 Years
 
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The yuan fell to its lowest level against the dollar in nearly eight years Tuesday, continuing a recent drop that has accelerated since Donald Trump’s victory in the U.S. presidential election. Subscribe to the WSJ channel here: http://bit.ly/14Q81Xy More from the Wall Street Journal: Visit WSJ.com: http://www.wsj.com Follow WSJ on Facebook: http://www.facebook.com/wsjvideo Follow WSJ on Google+: https://plus.google.com/+wsj/posts Follow WSJ on Twitter: https://twitter.com/WSJvideo Follow WSJ on Instagram: http://instagram.com/wsj Follow WSJ on Pinterest: http://www.pinterest.com/wsj/ Don’t miss a WSJ video, subscribe here: http://bit.ly/14Q81Xy More from the Wall Street Journal: Visit WSJ.com: http://www.wsj.com Visit the WSJ Video Center: https://wsj.com/video On Facebook: https://www.facebook.com/pg/wsj/videos/ On Twitter: https://twitter.com/WSJ On Snapchat: https://on.wsj.com/2ratjSM
Views: 3501 Wall Street Journal
Up after Up for Chinese Yuan 30% Percent RMB appreciates against US Dollar since china Rate Reform
 
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China's export growth was disappointing in the final month of 2013due to lackluster demand from developed markets, data released Friday showed. A teller counts Chinese yuan notes in Beijing. Agence France-Presse/Getty Images But there could be more problems in store for China's exporters in 2014 as the yuan currency's continued appreciation against the U.S. dollar makes the country's goods more expensive in world markets. China's exporters have to contend with rising wages and other costs that have crept up in recent years. The appreciation of the yuan, or renminbi, is another headache, which makes China's goods more expensive overseas and reduces profits in local-currency terms. "Rising wages and the yuan are a tremendous problem for us," said Uwe Hutzler, the general manager of a Chinese company that supplies leather to clothing manufacturers. "We have to pay our expenses and salaries in renminbi but our invoices are in dollars." China still remains an export powerhouse for manufacturing goods like electronics. The nation's share of world trade remains above 10% despite cost pressures. Foreign companies say they need to invest in China because of its large scale of production and integrated supply networks. Data released Friday showed China's total trade exceeded $4 trillion in 2013, overtaking the U.S. as the world's largest trading country. But there are signs of potential problems ahead for the nation's export sector. Weak demand from the U.S. and Europe is a concern. Exports in December grew 4.3% compared with a year earlier, the latest data showed, down from 12.7% year-over year growth in November. That is partly explained by distortions in the data, with an unusually strong month in December 2012 providing an unflattering comparison. ANZ Bank pointed out export growth in 2013 as a whole was 7.6%, the second straight year exports have undershot an 8% target. The bank put this down to "diminishing trade competitiveness" as the yuan appreciates. In real terms — taking account of inflation — the currency appreciated 18.5% against the dollar between June 2010 and November 2013, according to calculations by Karim Foda, a researcher at Brookings Institution. Against some Asian currencies — notably the Indonesian rupiah and the Indian rupee, which fell sharply last year — the declines have been even larger. More than 500 Chinese companies surveyed by Global Sources, a China-based firm that runs an online marketplace for exporters, cited the strength of the yuan as the most pressing challenge of 2014. A year earlier the currency issue was only number four on the list, eclipsed by rising costs, price competition and slow orders from Europe and the U.S. To deal with rising costs, many manufacturers based in coastal southern China are moving production to cheaper inland facilities or to cheaper countries like Cambodia, Bangladesh and Vietnam. Since the beginning of the 2008 financial crisis, shoemakers in Guangdong region have moved about one third of their production to the interior of China and another third to Southeast Asia, said Li Peng, secretary general of Asian Footwear Industry Association. "A lot of shoemakers near the coastal areas barely make any profits," he said. "They are struggling to survive." Chetan Ahya, an economist with Morgan Stanley in Hong Kong, says it's too early for manufacturers to have shifted orders from China based on currency movements, but this could become a bigger factor in 2014. Chinese officials point out that a stronger yuan also means cheaper imports. China's government is attempting to move the country away from reliance on state-led industry and exports toward larger domestic consumption. Cheaper imports of foreign goods will help achieve this goal. "Yuan appreciation will surely lift exports prices and undermine our exports competitiveness," said Zheng Yuesheng, a spokesman for the Customs Administration. "But... yuan appreciation also helps lower our imports costs." Policy makers, though, are keen the shift away from exports and heavy industry doesn't lead to economic dislocations and rising unemployment. There already are worrying signs that China's role as the world's factory floor is being undercut. Foreign investment into Chinese manufacturing dropped 5.7% year-over-year in the first 11 months of 2013 to $64.7 billion, the most recent data available, after a 7.1% decline in 2012. In contrast, Vietnam's FDI surged by more than 80% last year as manufacturers rushed to take advantage of lower costs. Up after Up for Chinese Yuan 30% Percent RMB appreciates against US Dollar ever since china exchange,for more infromation about china financial system subscribe and browse channal at http://youtube.com/user/cosmeticmachines
China's central bank vows to keep exchange rate stable
 
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중국 인민은행 구두개입…"환율 안정 유지" China's central bank vowed to keep its currency stable and continue with its economic stimulus policy. The bank's deputy governor said People's Bank of China will try to keep the yuan from weakening past the key seven-yuan-per-dollar level through its monetary policy tools. Beijing's currency has lost almost three percent to the greenback this month amid rising trade tensions. The last time it weakened past seven dollars was more than ten years ago. A weakening yuan could help raise the country's exports by lowering its prices but it could also trigger capital flight. Arirang News Facebook: http://www.facebook.com/arirangtvnews
Views: 109 ARIRANG NEWS
IMF News Christine Lagarde Chinese Yuan SDR Inclusion
 
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IMF News - Christine Lagarde Chinese Yuan SDR Inclusion March 24 2015 - http://globalcurrencyreset.net/imf-lagarde-china-yuan-sdr-inclusion/ March 20, 2015 - http://globalcurrencyreset.net/rmb-chinese-yuan-global-reserve-currency/ See my latest (long) article link above from March 24 to see everything. Christine Lagarde said not an issue of if, but when China's Yuan will be included in the SDR's official basket of currencies. https://www.facebook.com/theglobalcurrencyreset Discussions in this video: Devaluation and revaluation of the Chinese Yuan. Christine Lagarde from March 20, 2015 statement about not a question of if but when China’s currency is included in the basket of SDR currencies. http://www.cnbc.com/id/102522008# 1:00 China’s Currency is known as the Yuan, Renminbi, and abbreviated RMB 1:14 Standard Chartered Bank Hong Kong – International of the Chinese Currency Status as of February 2015 1:24 Document from Standard Chartered also IMF – 5 year review on China The desire that the Chinese Yuan gets included in the SDR alongside the dollar, euro, pound and yen 1:49 HSBC Hong Kong Shanghai Banking Corportation What happened in July 2005 with China’s Currency? What could happen in November of 2015? My Previous Video: China World Currency Announcement Bangkok Thailand https://www.youtube.com/watch?v=Q4hvXpfu8RU Standard China Bank https://www.sc.com/hk/ Timeline: 2:40 IMF SDR review - Christine Lagarde 3:20 70-85% majority vote for Chinese Yuan inclusion of SDR (Feb 2015) 3:50 China considers what they did a success 4:40 China Expanding Overseas - Oil Crude Futures 4:50 Endgame - Full Convertibility of the RMB (Yuan/Renminbi) China wants the world reserve currency 5:15 Bank of China prints Hong Kong dollars 5:45 China Free Trade Zones 6:00 Standard Chartered Bank 6:15 HSBC has not made an announcement yet about conve 6:30 Chinese Video about internationalization of the Chinese Yuan is rapidly progressing 6:50 Shanghai Pilot Free Trade Zone - Document April 2014 7:41 Christine Lagarde - It's not a matter of if but when Christine Lagarde was talking from Shanghai 8:00 Hong Kong Dollar Chinese Yuan Exchange Rate Revaluation 8:50 Chinese Yuan USD (United States Dollar) 9:50 IMF Press Release - IMF Determines New Currency Weights for SDR https://www.imf.org/external/np/sec/pr/2010/pr10434.htm IMF 2010 SDR 10:25 IMF informal meeting in May, would take effect in January of 2016 11:10 IMF Five Year Review on China 13:00 China is keeping their currency low now, they want it weak because it attracts investors 13:28 Free Newsletter Link for updates Christine Lagarde IMF News Regarding Chinese Yuan Inclusion In the SDR https://www.youtube.com/watch?v=acYBJM4nq8U
Views: 10534 Global Currency Reset
China and the Yuan-Dollar Exchange Rate  Case Solution & Analysis- TheCaseSolutions.com
 
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https://www.thecasesolutions.com This Case Is About STRATEGY & EXECUTION Get Your CHINA AND THE YUAN-DOLLAR EXCHANGE RATE Case Solution at TheCaseSolutions.com TheCaseSolutions.com is the number 1 destination for getting the case studies analyzed. https://www.thecasesolutions.com/china-and-the-yuan-dollar-exchange-rate-2-46668
5 Interesting Things You Didn't Know about RMB - amazing Chinese currency
 
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Chinese currency is known as Renminbi (RMB). RMBs are colorful and they tell stories about Chinese people.To learn more interesting facts about RMB, click here to watch the video. Have you subscribed to our channel yet? We are a team dedicated to helping you learn Mandarin Chinese and interesting Chinese culture. If you like our videos, please share them with your friends and family. Subscribe to our channel at: https://www.youtube.com/user/learnhowtochinese
Views: 8380 LearnHowToChinese
THE BIG PICTURE: Chinese yuan gains international acceptance
 
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China is home to the world's second largest economy. But as time goes by the question remains: what will it take for the Yuan to become a true global currency? CGTN's Cheng Lei gives us a look at the big picture.
Views: 9695 CGTN America
Chinese Yuan at its lowest in 10 years
 
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China has dropped its national currency's reference rate against the US dollar by nearly 10%, in a bit to boost its exports. The Central Bank aims to determine the real value of the Yuan on the world market, in order to take into account its supply and demand on the foreign exchange market.… READ MORE : http://www.africanews.com/2018/11/07/chinese-yuan-at-its-lowest-in-10-years Africanews on YouTube brings you a daily dose of news, produced and realised in Africa, by and for Africans. Africanews is the first pan-African multilingual media outlet, unique in its concept and vision. Subscribe on our Youtube channel https://www.youtube.com/c/africanews and receive all the latest news from the continent. Africanews is available in English and French. Website : www.africanews.com Facebook : https://www.facebook.com/africanews.channel/ Twitter : https://twitter.com/africanews
Views: 257 africanews
China's Sovereign Yuan Bond Listed in London
 
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A 3 billion yuan (457 million U.S. dollars) government bond issued by the Chinese Ministry of Finance was listed to be traded on the London Stock Exchange on Wednesday. The yuan-denominated sovereign bond, issued in London late last month, is the first of its kind outside China. It will mature in three years and has a 3.28 percent coupon rate. Chinese Vice Finance Minister Shi Yaobin sees the first international bond listing as an important step which shows that global investors have confidence in China's economy. "The successful issuance of this bond has improved the credit and market status of renminbi products, adapted to the market demand for high-safety financial products outside the Asian market, and will certainly boost the prosperity and development of the offshore yuan market," said Shi. Last year, China's central bank debuted on the London markets with a British government sale of so-called dim sum bonds that were six times oversubscribed. The latest issue, this time directly from the Chinese government and seen as a measure of long term market faith in the Chinese economy, was three times oversubscribed. The listing also signals success for the British government in its efforts to build London into a Western hub for the Chinese currency. "We want to maintain our status as the world's leading financial center. Clearly we are the meeting point between East and West, and the growth, internationalization of the RMB is going to be one of the great stories of 21st century finance. We want to be at the forefront of that. We think it benefits the prosperity of both countries," said Harriett Baldwin, Economic Secretary to the UK Treasury. Midway between Shanghai and Wall Street, London is already the world's second largest clearing house for the Chinese currency. China and Britain have seen closer financial cooperation, especially in promoting the global use of the yuan, in recent years. The UK was the first Western country to issue yuan-denominated sovereign bonds and the first major developed country to include the yuan into its foreign exchange reserves. China's central bank issued 5 billion yuan of RMB-denominated notes in London last year, the first offshore issuance of such debts outside China. More on: http://www.cctvplus.com/news/20160609/8023571.shtml#!language=1 Subscribe us on Youtube: https://www.youtube.com/c/CCTVPlus CCTV+ official website: http://www.cctvplus.com/ LinkedIn: https://www.linkedin.com/company/cctv-news-content? Facebook: https://www.facebook.com/NewsContent.CCTVPLUS Twitter: https://twitter.com/NewsContentPLUS
Forex News: 07/01/2016 - Fresh Chinese yuan devaluation roils markets; yen gains
 
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Get your daily market and Forex news analysis from leading Forex and market news analysts only at http://www.xm.com. Professional Forex news analysis on all major currencies: (EUR/USD) (USD/JPY) (GBP/USD) (USD/CHF), (USD/CAD), (AUD/USD) Visit http://www.xm.com the international Forex broker.
Views: 219 XM
RMB hit record low against US dollars in six years
 
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The People’s Bank of China set the Chinese yuan’s midpoint rate at 6.7098 per US dollar on Tuesday morning, 90 basis points lower than on Monday. Economists say the depreciation of the yuan, which has reached its lowest point since 2010, is due to the strengthening US dollar, which was led by the weakening of the British pound. Subscribe to us on Youtube: https://goo.gl/lP12gA Download for IOS: https://itunes.apple.com/us/app/cctvnews-app/id922456579?l=zh&ls=1&mt=8 Download for Android: https://play.google.com/store/apps/details?id=com.imib.cctv Follow us on: Facebook: https://www.facebook.com/cctvnewschina Twitter: https://twitter.com/CCTVNEWS Google+: https://plus.google.com/+CCTVNEWSbeijing Tumblr: http://cctvnews.tumblr.com/ Weibo: http://weibo.com/cctvnewsbeijing
Views: 944 CGTN
Won-yuan exchange rate drop to its lowest in nearly three years
 
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The Korean won has hit the highest level against the Chinese yuan in nearly three years. The Korean currency hovered around one-hundred-63-point-two won to the yuan in late Monday morning, appreciating by nearly 10 percent since the beginning of February. The won's value is the highest against the yuan since July 2011. Korean exporters say they are worried about the strengthening won as it hurts their price competitiveness against their Chinese rivals at a time their shipments to China show signs of falling. Korean exports to China fell by more than nine percent to 11-point-three billion U.S. dollars in May from a year earlier, according to the trade ministry.
Views: 68 ARIRANG NEWS
RMB Devaluation vs. Chinese Property Market
 
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Follow us on TWITTER: http://twitter.com/cnforbiddennews Like us on FACEBOOK: http://www.facebook.com/chinaforbiddennews At the end of February this year, the value of the yuan fell by more than 1%. This changed the long-standing trend of RMB appreciation. On March 18, the Renminbi (RMB) exchange rate fell again, and traded at 6.1858 to the dollar upon opening. Experts believe that although RMB value has reached an equilibrium, this devaluation could cause the domestic property bubble to burst. On March 15, China's Central Bank doubled the yuan trading band to 2%. On March 18, the RMB to dollar rate opened at 6.1858. This is equivalent to depreciation of 77 basis points. This is compared with the previous trading day's closing rate of 6.1781. It has hit a new low in 11 months. RMB has fallen 2.5% this year. The Wall Street Journal commented that, "the decision, foreshadowed by months of hints by Chinese officials, followed a week long campaign by the country's central bank to weaken the yuan." The People's Bank of China had just doubled the yuan's trading band to 1% from 0.5% on April 16, 2012. Since February this year, the Chinese capital flow has been significantly reduced. After a weak performance of exports in February, data also showed a slow down in industrial added value, fixed asset investment, and retail sales. In addition, as of the third fiscal quarter of last year, China's total foreign debt reached $823 billion. The weakening of RMB will result in increased settling up costs. That is equivalent to an increase in external debt. The Chinese Communist Party (CCP) Commerce Department stated on Tuesday that the recent RMB devaluation was intended to support exports. A Ministry of Commerce spokesman said that, "with the mechanism formation of RMB exchange rate through the deepening of reforms, two-way exchange rate fluctuations will become the norm." So, why did the central bank lead the fall of RMB? Financial analyst Ren Zhongdao says that within power struggles, the CCP is manipulating the "economic card". This is to attack the officials with vested interests. Ren Zhongdao, financial analyst: "Jiang Zemin had ruled the regime with greed and corruption. He turned state-owned enterprises into the CCP elite's source of wealth, and transferred national wealth overseas. This returned to China as foreign investment for arbitrage, to earn the interest difference and the exchange rate. To combat these officials who escape overseas with national wealth, the CCP has now brought the RMB down to cut the interest difference." Hong Hao, China Bank of Communications Chief International Strategist, recently commented in ForbesChina.com. Hong thinks the RMB devaluation will burst the real estate bubble. He stressed that, in general, cheap exchange rates will help a country to promote exports. They will strengthen foreign exchange reserves. Then, large-scale asset revaluation can be carried out through currency appreciation. Once the exchange rate is close to the equilibrium point, asset revaluation will stop. In July 2005, China started the exchange rate reform of the RMB appreciation. At that time, China's foreign exchange reserve was only $800 billion, but now has quadrupled to reach $3.8 trillion. At the same time, China's real estate prices have soared to bubble levels. Hong Hao stated that if one learns from history, devaluation of RMB will pose strong resistance to elevation of asset prices. These assets are mainly real estate and stocks. Financial analyst Ren Zhongdao believes that once CCP officials empty the hot money and run overseas, China's real estate bubble will burst. Ren Zhongdao: "Suppose someone bought a property for one million yuan. The market value is less than one million now. But this person still has to pay the mortgage. Finally, this house may be taken back by the bank, which has no use for the property, and it cannot become cash. In fact, at the end, the country and the financial system are supported by people's hard earned money. The CCP officials will leave after they get the hot money. The government is also busy with infighting, and will not care if the people live or die." According to WSJ, "with the yuan down 2% against the dollar this year, more of the bets are losing money, said Geoff Kendrick, Head of Asian Currencies and Rates at Morgan Stanley." "He estimates that paper losses on one popular way companies hedge their yuan exposure and individual investors bet on the yuan, through what is known as target redemption-forward products, have hit $2.3 billion." "Beng-Hong Lee, Head of Markets for China at Deutsche Bank AG in Shanghai, says his corporate clients are concerned about how much more the currency will depreciate." WSJ added, "while the recent declines likely aren't big enough to trigger a stampede out of the yuan, the added 《神韵》2014世界巡演新亮点 http://www.ShenYunPerformingArts.org/
Views: 1242 ChinaForbiddenNews
ECB shifts dollar reserves to Chinese yuan
 
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The European Central Bank (ECB) said it shifted 500 million euro (about 577 million US dollars) worth of its US dollar reserves to the Chinese yuan in the first half of this year. Is it a nod to growing international ties between the EU and China? The use of Chinese renminbi (RMB) as a global foreign currency has increased in recent years. A year after the International Monetary Fund (IMF) recognized the RMB as a global reserve currency, the ECB sold off a fraction of its US dollar holdings and bought 500 million Euros (about 577 million US dollars), worth of RMB. Subscribe to us on YouTube: https://goo.gl/lP12gA Watch CGTN Live: https://www.youtube.com/watch?v=L2-Aq7f_BwE Download our APP on Apple Store (iOS): https://itunes.apple.com/us/app/cctvnews-app/id922456579?l=zh&ls=1&mt=8 Download our APP on Google Play (Android): https://play.google.com/store/apps/details?id=com.imib.cctv Follow us on: Facebook: https://www.facebook.com/ChinaGlobalTVNetwork/ Instagram: https://www.instagram.com/cgtn/?hl=zh-cn Twitter: https://twitter.com/CGTNOfficial Pinterest: https://www.pinterest.com/CGTNOfficial/ Tumblr: http://cctvnews.tumblr.com/ Weibo: http://weibo.com/cctvnewsbeijing
Views: 8812 CGTN