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China December forex reserves fall for sixth month, near $3 trillion level

EghtesadOnline: China's foreign exchange reserves fell for a sixth straight month in December to the lowest since early 2011, but held just above the critical $3 trillion level, as authorities stepped in to support the yuan ahead of U.S. President-elect Donald Trump's inauguration.
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Publish Date:07/January/2017 | 05:42

China will stick to 'going out' strategy amid outflow concerns

EghtesadOnline: China said on Monday it will stick to its opening up policy and "going out" strategy on investment even while a slide in the yuan to 8-1/2-year lows revives worries about capital fleeing the country.
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Publish Date:28/November/2016 | 09:27

China's yuan joins elite club of IMF reserve currencies

EghtesadOnline: China's yuan joins the International Monetary Fund's basket of reserve currencies on Saturday in a milestone for the government's campaign for recognition as a global economic power.
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Publish Date:01/October/2016 | 05:38

Iran to open accounts in Exim Bank of China

EghtesadOnline: Central Bank of Iran (CBI) will open two euro and yuan accounts in Exim Bank of China in order to facilitate settlement of banking transactions.
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Publish Date:18/August/2016 | 15:54