Newly issued yuan can keep workers on the payroll for another month, but it cannot make a fundamentally sick company productive.
The raising of the value of the Yuan can make it less expensive for China to import oil and other commodities but can also increase the price of oil to the U.S. consumers as the value of the dollar continues to decline.
Given this timidity, China could replicate much of the flexibility of a managed float by shifting the yuan's peg from the dollar to a basket of currencies, at the same time widening the band within which the yuan can fluctuate, say to 10% above or below the peg.
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They recently formed teams dedicated to developing offshore yuan services and can now issue dim sum bonds in London.
Companies that raise yuan outside China can seek permission to invest the money in their operations inside the country.
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Colby figures that having yuan funds that can invest alongside dollar funds will open up avenues for Carlyle: fewer restrictions on industries, less regulatory oversight and access to listing a portfolio company in China.
For the very first time Americans can invest in yuan by purchasing securities denominated in the hard-to-buy Chinese currency.
Scott still thinks China can value the yuan even higher from its current level of 6.5 yuan to the dollar.
While businesses and individuals in the U.S. can already trade yuan through Western banks such as HSBC Holdings PLC, the move by a Chinese-owned bank marks a stamp of approval by China on the expansion in yuan trading.
The quality of homes would likely be better, " said Chen Yining, a Shanghai native who is looking to invest in a home in the U.S. "Unless, of course, I get favorable mortgage conditions, or if I can pay in yuan.
How can the premise that Yuan appreciation will reduce the bilateral deficit still hold?
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Her teachers work at a starting wage of 500 yuan per month, and the pupils pay 300 yuan per term, if they can afford to.
In the meantime an African strategy to internationalize the yuan is more pragmatic and achievable and can be of benefit to both sides.
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But he wants yuan or renmimbi, so that he can pay his workers who have dug the metal out of some hillside in Sichuan.
Price competition is fierce as a result, and freight operators know that they can only get just so many yuan for hauling a ton of freight between, say, Beijing and Shanghai.
Except for the Chinese yuan, which is non-convertible, payment can be received in any currency.
If your currency appreciates against the yuan, which has stuck close to the dollar, that can spell trouble.
On the other hand, you can buy one of my trucks for 200, 000 yuan.
An interest rate of just over 4% on yuan deposits compared with 2% on dollars, combined with an expected appreciation in the yuan, offers a seemingly risk-free profit for those who can get money into China.
Yuan Zhongmin, who runs the centre, says that with half his former workforce he can shift 60, 000 cartons every ten hours, compared with 25, 000 previously.
Where else can they go when they need to get rid of dollars, euro, yen, and yuan?
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