Quotes About Yuan

The Chinese government does not like people betting against the yuan.

If money is the root of all evil, then China's manipulation of its currency, the yuan, is the tap root of everything wrong with the U.S.-China trade relationship.

The yuan is actually a very attractive currency and will prove to be very reliable-much more so than the U.S. dollar.

As for when to reform the yuan, there is no timetable yet.

We will not reform the yuan until the time is right even if there is external pressure.

Since China embraced Deng Xiaoping's reforms on 22 December 1978, China has experimented with different exchange-rate regimes. Until 1994, the yuan was in an ever-depreciating phase against the U.S. dollar.

China understands economics more than most countries and is usually moved to increase freedoms when the yuan is directly involved.

A stronger yuan could lead to greater Chinese asset accumulation in the U.S. and elsewhere.

At the centre of the CCP's ambitious strategy for global economic domination is the push for China's currency, the renminbi or RMB (also known as the yuan), to become the foremost global currency, replacing the US dollar. The size of China's economy and the fact that the RMB is the second most used currency for trade helps, but financial markets know that China's financial system is not robust, and that the government manipulates it, which creates distrust.