Sources: AP
Prosecutors in China charge multiple funeral directors with selling more than 4,000 corpses to two major medical companies over several decades. Police seized 18 tonnes of bones and 34,000 semi-finished products, with the thieves having earned around 380 million yuan (US$53 million) before they were arrested. 2024-08-9
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
A Chinese court sentences Zhang Zhongsheng, the former Vice Mayor of Lüliang, Shanxi, to death. Zhongsheng was convicted of accepting bribes totaling 1.04 billion yuan (US$160 million). 2018-03-28
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
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
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
China loosens controls on the yuan, allowing it to fluctuate up to 1% in trading against the United States dollar, up from 0.5%. 2012-04-15
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 authorities order artist Ai Weiwei, released from his 80-day imprisonment last week, to pay more than 12 million yuan in unpaid taxes and fines thought by those who know him to be related to his activism. 2011-06-28
The Chinese yuan reaches a record level against the US dollar. 2011-03-23