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IMF executive board to vote on Yuan inclusion Nov. 30

The staff nod makes approval by the fund’s board this month all but certain

China’s yuan is poised to enter the big leagues of global currencies, according to the judgment of the International Monetary Fund.

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IMF reportedly set to elevate Yuan Nov. 30

“China’s currency is poised to enter the big leagues” alongside the dollar

The rumors that have been circulating in recent weeks have all but been confirmed: China’s yuan, or renminbi, currency is about to secure the IMF’s approval for world reserve status.

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Don't Fall For These Scams While In China (Or Anywhere Else)

Tea time

China is a relatively safe country for tourists, especially compared to other countries. People are hugely friendly even if you don’t speak Chinese. A simple “nihao” with a smile is all it takes to get most Chinese to smile and respond in kind. 1,045 more words


China G20 envoy: Economic policy coordination more difficult, more necessary

Global coordination of macroeconomic policies has become more difficult, and more necessary, given the backdrop of declining trade and commodity prices and volatile markets, China’s special envoy on G20 affairs said on Monday. 284 more words

IMF officially greenlights the acceptance of China's currency behind chaos of Paris attacks

Treasury Secretary Lew met with Chinese Vice Premier Wang Yang and Finance Minister Lou Jiwei on the sidelines of the G-20 Leaders Summit

Is it just odd timing that this announcement comes behind the chaos of the Paris attacks? 

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Dollar Yuan connection and speculating where it leads.

Dollar Yuan connection and speculating where it leads.

Over few days somewhat covered by the negative events in France certain economic realities are taking place behind the scenes. 589 more words


Here's Why China's Currency Will Be Included in the IMF's Basket

China finally got the news it has been lobbying for: its currency, the renminbi, is set to be included in the International Monetary Fund’s basket of top currencies alongside the world’s reserve currency, the U.S. 531 more words