Chinese yuan renminbi news

International Monetary Fund staff believe the yuan is "substantially" undervalued based on expectations that China's current account surplus will increase as the global economic recovery gains strength, a senior IMF official said on Wednesday.

The JPY lost ground to the USD on Tuesday as risk appetite showed signs of increasing within Asian bourses. The Asian economies continue to be the subject of intense discussions regarding their long term prospects particularly when compared to one another – such as China, Korea, and Japan. Safe haven trading has been a cornerstone [...]

The International Monetary Fund has chosen not to call the yuan "substantially" undervalued, a move that recognises China's efforts to free up its exchange rate and avoids friction with an increasingly influential shareholder.

But many rich people still pay to move to the West

A increase in labour disputes between management and workers in China, mostly at foreign-owned factories in the southeast, has raised questions about the country's future as a low-cost manufacturing centre.

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A coalition of U.S. business groups urged House of Representatives Speaker Nancy Pelosi not to include China currency legislation in a broad package of legislation aimed at helping U.S. manufacturers.