All posts tagged "Yuan"

President Donald Trump's bet on war with Iran could have a significant impact on the United States' global financial standing, an analyst explained Monday.

The Bulwark's Jonathan V. Last described how Trump's decision "could speed up de-dollarization" and challenge the American currency's dominance, ultimately altering the 52-year history of the petrodollar system.

"I have been saying since the beginning that America is playing checkers while Iran plays chess, but it’s worse than that," Last wrote. "American leadership is utterly incoherent: We won, but we need help. We hate our allies; but will our adversaries please come bail us out?"...

BEIJING (Reuters) - Beijing's tax authorities have asked the dissident Chinese artist Ai Weiwei, released recently from more than two months in detention, to pay 12 million yuan ($1.85 million) in back taxes and fines, a friend of his said on Tuesday.

BEIJING (AFP) – Chinese local governments held $1.65 trillion in debt by the end of 2010, the state auditor said on Monday, warning that there was a risk that some could default.

WASHINGTON — A blind Chinese activist who exposed abuses in Beijing's population control policy was beaten unconscious by dozens of men led by a communist party official, his wife said in a letter released Thursday.

BEIJING – Chinese airlines plan legal action against a European Union plan to impose a carbon tax from 2012, claiming it could cost them millions of dollars a year, state media said Thursday.

WASHINGTON – The US Treasury cleared China of official accusations of currency manipulation Friday, but said progress toward allowing the yuan to appreciate was "insufficient."