Offstream
news

Wu Xiaohui, head of Chinese insurance firm Anbang, is jailed for eighteen years for fraud and corruption. He is further sentenced to have 10.5 billion yuan confiscated.
2018-05-10

Reuters reports, on the basis of anonymous Chinese bankers, that the State Administration of Foreign Exchange is instructing them to keep quiet about any negative analysis of prospects for the yuan.
2017-01-11

The Central Bank of Russia announces it will start buying the Chinese yuan in an attempt to diversify its foreign-currency reserves away from the Euro and the U.S. dollar and to become less vulnerable to Western sanctions.
2016-07-5

Chinese state television reports Guo Youming, former deputy governor of Hubei province, is found guilty of taking bribes totaling more than 23.8 million yuan ($3.70 million). Guo is the latest to be convicted as a result of China's paramount leader Xi Jinping's anti-corruption campaign that started when Xi took Party general secretary office three years ago.
2015-12-9

The International Monetary Fund modifies its benchmark currency basket to include the yuan of the People's Republic of China. The basket also includes the U.S. dollar, the euro, the pound sterling, and the Japanese yen.
2015-11-30

The People's Bank of China devalues the Chinese yuan by two percent in an attempt to boost its economy, a move which could spark a currency war.
2015-08-11

Australian Prime Minister Julia Gillard, on a trip to Shanghai, China, announces that the Australian dollar is set to trade directly with the Chinese yuan, becoming the third currency to do so.
2013-04-8

Chinese artist Ai Weiwei pays 8.45 million yuan in taxes after receiving a large number of donations from supporters who believe the debt was politically motivated because of his criticism of the Chinese government.
2011-11-15

Chinese Vice Premier Wang Qishan welcomes U.S. Treasury Secretary Timothy Geithner to the port of Qingdao as the United States objects to what it labels the "artificial" value of China's own currency, the yuan.
2010-10-24

A drought causes at least 10 billion yuan ($1.46 billion) in direct economic loss at Fanaga village of Luquan county, near Kunming, capital of Yunnan.
2010-02-27