Sentences with phrase «value of the yuan»

For the most part, bitcoin has been particularly popular in China thanks to the dropping value of the Yuan.

For the most part, bitcoin has been particularly popular in China thanks to the dropping value of the Yuan.

Corporate debt in China exceeds 250 % of gross domestic product, and the government has put restrictions on international investment because the value of the yuan was falling so fast.

Panicked traders are now pushing down the value of yuan faster than the central bank can pump it up.

China's government has been evasive about economic matters from this summer's stock bailout to its efforts propping up the value of the yuan.

Further helping risk assets has been the realization that the Chinese have not embarked on a full - scale competitive devaluation of their currency, notwithstanding a relatively small cut in the value of the yuan in early August.

Many investors have been moving money out of China as the value of the yuan has fallen amid an economic slowdown and financial market turmoil.

Volatility in currency markets could cause problems because Beijing sets the value of the yuan against a basket of the currencies of its major trading partners.

Today, the People's Bank of China, in a speech given by central bank governor Zhou Xiaochuan, announced the currencies that are in the basket against which it sets the value of the yuan.

Chinese stock markets have experienced significant volatility over the first two weeks of January, with trading suspended last week after shares plunged more than 7 % as the government weakened the value of the yuan to a five year low.

According to sources quoted by The Wall Street Journal, Chinese people were using bitcoin to bet against the value of the yuan and move money outside the country, and the authorities decided to issue the ban because the bitcoin market was creating «too much disorder.»