Bloomberg reports that China's yuan surged by the most in more than a decade, catching up with dollar declines during a week-long holiday, after the central bank chief voiced support for the currency and set its fixing at a one-month high. The currency advanced 0.89 percent, the most since the nation scrapped a peg to the dollar in July 2005, to 6.5174 a dollar as of 9:46 a.m. in Shanghai, according to data compiled by Bloomberg. The offshore yuan traded in Hong Kong fell 0.18 percent to 6.5201. The People's Bank of China earlier raised the daily fixing against the dollar, which restricts onshore moves to a maximum 2 percent on either side, by 0.3 percent to 6.5118, the strongest since Jan. 4. A gauge of dollar strength declined 0.8 percent last week, when onshore Chinese markets were shut for the Lunar New Year Holiday.
- The Telegraph：China's bank chief defends currency regime as markets poised for another volatile weekThe Telegraph reports The governor of China's central bank has rejected claims that the yuan is about to plunge in value as the financial world braces itself for more volatility.Zhou Xiaochuan, governor of the People's Bank of China, blamed "speculative forces" for attacking the value of the yuan, insisting that there won't be further depreciation when trading recommences tomorrow after a week-long holiday. China has attempted to buttress its national currency by dipping into foreign currency reserves, flooding the markets with US dollars in order to maintain the yuan's value.
- 2016-02-12 UK: Hong Kong bookseller ‘removed’ in breach of China treaty
- 2016-02-11 China warns on South China Sea as U.S., India consider patrols
- 2016-02-10 China breezes past EU as top wind power
- 2016-02-09 Demonstrators battle Hong Kong police over Chinese New Year treats
- 2016-02-08 China Struggles for Balance in Response to North Korea’s Boldness
- 2016-02-06 China says told North Korea does not want to see tensions rise
- 2016-02-04 China eases inbound foreign investment curbs to counter outflows
- 2016-02-03 China to Plan Looser Limits on Foreign Fund Outflows
- 2016-02-02 Senior Chinese official arrives in North Korea
- 2016-02-01 China shares fall as economic pulse slows
- Reuters China to speed up large construction projects in 2016 - regulator
- Bloomberg PBOC's Zhou Breaks His Long Silence
- New York Times Chinese Media in Uproar Over US Move to Honor Dissident
- Reuters Beijing's top official in Hong Kong calls rioters 'radical separatists'
- Reuters China rules out joining anti-terrorism coalitions, says helping Iraq
- BBC London's Chinese New Year celebrations biggest outside China
- Bloomberg Airbus, Boeing Count on China as Southeast Asia Slows Down
- The Economic Times China's Sany Group to Invest $4 Billion in India; Aims Top Spot in Construction Gear Market
- Africa News China's first Zika virus patient discharged, declared Zika-free
- Bloomberg While Obama Shows Asean the Love, China Holds the Money
- HuffingtonPost The United States Should Peacefully Let China Rise
- Newsweek What are the Secrets Behind China's Football Boom?
- New York Times Obama Faces Challenge in Forging Front vs. China Sea Actions
- Wall Street Journal China's Factories Hunt for Growing Markets
- The Nation China's high-speed track to diplomacy in Southeast Asia