Sentences with phrase «yuan as»

Both islands run snorkel trips to Ko Tao and Ko Nanag Yuan as well.

- It would typically help companies dealing with Yuan [Buying or selling to China or Countries that accept Yuan as payment] to make payments at a cheaper cost & in less time.

China has already convinced several big commodity suppliers to accept Yuan as payment.

Solar is expected to become even cheaper in the coming years, further creating more bang for China's buck (or yuan as the case may be).

Indeed, my alma mater, a conservative Christian college that has shied away from bold conversations around homosexuality, will be hosting Christopher Yuan as a chapel speaker next semester.

South Korea, which is Asia's fourth - largest economy, may see the weakening of the yen and the yuan as a threat to its burgeoning economy.

WASHINGTON (Reuters)- The International Monetary Fund said on Wednesday it will freeze its benchmark currency basket until October 2016, giving markets more time to adjust to the possible addition of China's yuan as part of a review of global reserve currencies.

As issuing debt to fund growth continues to lose its effectiveness, watch for the PBOC to push for a weaker Yuan as well as lower domestic interest rates.

China has been trying to promote the Yuan as an international trade settlement currency.

Overdue loans, an indication of future bad loan formation, at the five biggest banks totaled 416 billion yuan as of June 30, an increase of 27 percent from the end of last year, according to data compiled by Bloomberg.

Local media have reported that China could launch a crude oil futures contract priced in yuan as early as Jan. 18, although analysts and industry executives who spoke to Breakingviews believe a later start is more likely.

The businessman and former reality star has often claimed that China regularly devalues the yuan as a means of facilitating its exports, and analysts are expecting things to get worse once Trump takes office.

These actions mark Beijing's continued efforts to establish the yuan as a global reserve currency and replace the US dollar in the world's commodity exchanges.

A gold - backed dollar would also head off China's not too subtle attempt at replacement of the Greenback with the Yuan as the world's reserve currency.

For one, the stronger dollar has weighed on China's yuan as higher U.S. interest rates spur outflows from the currency.

China's surprise decision to revalue the yuan as it tried to contain the stock market turmoil caused the currency to drop the most in 21 years last month, triggering exchange - rate declines elsewhere in the emerging world on concern that a weaker yuan will hurt countries exporting to China.

This development comes at a time when the Chinese are pushing to have the IMF officially label the yuan as a «reserve currency.»

Not exact matches

The Chinese economy had been slowing for months, but the country's currency continued to appreciate as the PBoC sold billions of dollars to buoy the yuan's value — a gesture few seemed to appreciate.

The PBoC described the devaluation as small compared with the yuan's appreciation in recent years or the depreciation of the currencies of its economic rivals in Asia and Europe.

In September, Chinese search giant Baidu announced a $ 1.52 billion (10 billion yuan) autonomous - driving initiative called the «Apollo Fund» as part of a broader plan to spread technological advancement of autonomous vehicles.

BEIJING, Sept 21 (Reuters)- Chinese search engine Baidu Inc announced a 10 billion yuan ($ 1.52 billion) autonomous driving fund on Thursday as part of a wider plan to speed up its technical development and compete with U.S. rivals.

«To those who say intervention never works,» he noted in a commentary last year, «China has steered the yuan exactly as it pleases.»

The goal is to establish Vancouver as the first offshore settlement centre for the Chinese currency renminbi — also known as RMB or yuan — in North America, Clark said.

China Oceanwide Holdings Group has agreed to buy U.S. insurer Genworth Financial for $ 2.7 billion in cash, the latest in a series of moves by Chinese firms to buy overseas assets as their domestic economy slows and the yuan weakens.

Medprin, cofounded by Yuyu Yuan (who serves as CEO) and Tao Xu in 2008, manufactures biological cells by way of 3D printing.

China's government takes innovators and inventors such as Yuyu Yuan and Tao Yu and places them in the equivalent of a giant Petri dish (economic development districts).

Alibaba has purchased the remaining 57 % stake of China food delivery app Ele.me it doesn't already own, bringing the app's valuation up to $ 9.5 b. Tech companies such as Alibaba and Tencent, which has invested billions of dollars in Meituan - Dianping, are eager to cash in on China's growing online food delivery market, which is expected to grow 18 % to 241 billion yuan ($ 38 billion) this year.

SHANGHAI NICKEL: The most - traded nickel on the Shanghai Futures Exchange rose as much as 5.9 percent to 109,790 yuan ($ 17,514) a tonne, its strongest level since June, 2015, before closing at 108,120 yuan, up 4.2 percent.

As it stands, Wanda will secure a three - year bank loan of 29.6 billion yuan ($ 4.36 billion) and lend that money to Sunac.

In December alone, they shrunk by $ 107.9 billion as the PBoC tried to slow the yuan's depreciation down to a decent rate.

The dollar has also made fresh advances against the offshore Chinese yuan (the rate that isn't as tightly controlled by the People's Bank of China), indicating a fresh wave of speculation against the Chinese currency.

For instance, HSBC gave the Chinese yuan 4/10 for aggressiveness in 2013, down from 6/10 a year ago, as the People's Bank of China becomes increasingly «hands off» and moves the yuan towards convertibility.

China's banks extended a record 2.9 trillion yuan ($ 458.3 billion) in new yuan loans in January, blowing past expectations and nearly five times the previous month as policymakers aim to sustain solid economic growth while reining in debt risks.

As of Sept. 22, 77 companies in China had conducted debt - for - equity swaps worth more than 1.3 trillion yuan ($ 196.48 billion), Reuters reported.

Since late last year, Beijing has been cracking down on overseas investment as wads of cash flew out of the country, adding downward pressure to an already depreciating yuan.

Net new loans surpassed the previous record of 2.51 trillion yuan in January 2016, which is likely to support growth not only in China but may underpin liquidity globally as major Western central banks begin to withdraw stimulus.

MANILA, May 2 - London copper futures recovered from its weakest level in nearly a month on Wednesday as investors awaited comments from the U.S. SHANGHAI COPPER: The most - traded June copper contract on the Shanghai Futures Exchange slid 1.4 percent to 50,900 yuan a tonne, tracking losses in London in the prior session as Chinese markets reopened after a two - day...

China Jinmao was allowed to sell units at the Jinmao Palace for about 93,800 yuan per square metre, almost the same as an earlier batch a year ago.

Those who registered as buyers paid 1 million yuan up front and shown proof that they had at least 2.85 million yuan in deposits, for a chance to participate in the lottery.

But as you can see below, the yuan has a long way to go in its quest to challenge other currencies.

These payments, to both Chinese and foreign carriers, equate to close to half the 19.49 billion yuan in profits earned by the top four mainland - based airlines last year, according to the consultancy known as Cadas.

China may have played an early card in this week's trade summit with the United States as officials pegged the yuan at the lowest levels against the greenback in more than three months as the country's trade surplus swells to $ 58.25 billion.

Local governments, especially those outside mega cities like Beijing, Shanghai and Guangzhou, spent at least 8.6 billion yuan ($ 1.3 billion) subsidizing airlines in 2016, mostly for them to start direct services to far - flung places such as New York and Paris, according to data compiled by Civil Aviation Data Analysis.

The Shanghai oil futures contract is similarly designed to wrest some control over pricing from the main benchmarks in New York and London — West Texas Intermediate (WTI) and Brent — and to promote the use of the yuan, also known as the renminbi.

He scored a big win in 2015, if you recall, when the International Monetary Fund (IMF) agreed to include it in its basket of reserve currencies, placing the yuan in the same league as the U.S. dollar, British pound, Japanese yen and euro.

As of last year, the U.S. dollar accounted for 63.5 percent of countries» allocated reserve currencies, compared to the yuan, which had only a 1.12 percent share.

As exemplified by the high yuan volume on LocalBitcoins, OTC trade is the people's salvation.

The net value of his cash investments is included as a liability and includes more than 250 million yuan ($ 40 million) in dividends collected through December 2017, based on company filings and an analysis of Bloomberg data.

Beijing has put a brave face on this move, saying it is designed to get the yuan included in the International Monetary Fund's reserve assets known as special drawing rights.

As a result of its weakening economy, China has abandoned its currency peg with the dollar and reduced the yuan's exchange rate on three separate occasions this week.