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Yuan

The yuan, or renminbi, is the national currency of China, the world's second largest economy. The International Monetary Fund (IMF) has announced the currency's admission into its basket of reserve currencies.

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All Content on this topic

An image of Chinese yuan banknotes, alongside the Chinese and US flags

China plans stimulus gamble as Trump's tariffs loom

Beijing has already announced more than $2 trillion in stimulus, but many analysts think it hasn't gone far enough.
BusinessDecember 9, 2024
An illustration showing a stream of US dollars being dropepd into a funnel and exiting the bottom as Chinese yuan

Dedollarization: How the West boosts China's yuan

Sanctions on Russia over the Ukraine war have spurred record trade in China's currency, but could it usurp the dollar?
TradeSeptember 12, 2024
A view of gold bars and yuan symbol

What's behind China's gold-buying spree?

For more than a year, China has been buying large amounts of the precious metal, helping the price to an all-time high.
BusinessApril 5, 2024
A cargo ship loaded with coal berthing at a port in Lianyungang, China

Chinese exports plummet, except to Russia

China's exports to Russia saw significant growth as Chinese automakers filled the void left by Western companies.
BusinessJuly 13, 2023
$100 U.S. dollar notes sit on display

Can anything challenge the US dollar's reign?

The US currency is by far the world's most influential currency - but for how long?
TradeMarch 10, 202321:08 min
An illustration showing China's 100 Yuan, or Renminbi, notes, the largest denomination in Chinese currency.

How China's yuan props up Putin's anemic budget

Russia is selling its yuan reserves to fill a budget deficit caused by lower oil and gas revenues and the costs of war.
BusinessJanuary 30, 2023
A signage of the central bank-backed digital yuan is seen at a coffee shop

China test drives national digital currency

The use of the e-CNY, or digital yuan, is now being expanded beyond the purchase of consumer goods.
TechnologyJune 17, 2022
Crown Prince Mohammed bin Salman (left) and Chinese President Xi Jinping (right) shake hands in Beijing

Saudi Arabia and China: New best friends?

The Middle Eastern nation is making overtures to China, threatening to upend its long-running relationship with the US.
PoliticsMarch 21, 2022
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What are central bank digital currencies?

Central banks around the world are racing to create their own forms of digital money.
BusinessAugust 9, 202115:21 min
A bitcoin logo imposed over a Chinese flag

China leads in race for digital currency

China's central bank is making steady progress toward launching the world's first major sovereign digital currency.
BusinessOctober 5, 2020
Yuan banknotes

The name's bonds, yuan-denominated bonds

Foreign investors are piling into yuan-denominated government debt at a record rate this year.
BusinessMay 6, 2020
Bekanntgabe Namen und Geschlecht der Panda-Zwillinge

Baby pandas charm Berlin zoo

"Meng Xiang" and "Meng Yuan" are the result of China's "panda diplomacy."
December 9, 201901:32 min
yuan currency

Some yuan, some you lose

A devaluation of China's currency during the trade war would mean more prosperity for Germany and the rest of the world.
BusinessOctober 7, 2019
A Chinese bank employee counts 100-yuan notes and US dollar bills

China's yuan falls to lowest level in 11 years

The Chinese currency continues to slide as Beijing seeks to buffer against US tariffs.
BusinessAugust 26, 2019
DW's Clifford Coonan

China, US digging in for long battle

Clifford Coonan
Now that the US has labeled China a currency manipulator, tensions are going to rise further, says DW's Clifford Coonan.
BusinessAugust 6, 2019
Different currencies

Stealth battles with an uncertain outcome

Trade tensions between the US and China may serve as a catalyst for a currency war, but would it be worth it?
BusinessAugust 6, 2019
US: Steven Mnuchin and Donald Trump

US designates China a currency manipulator

According to the US Treasury, the yuan's devaluation gives China an unfair competitive advantage in international trade.
BusinessAugust 6, 2019
Yuan banknotes being counted in a bank

China's yuan slips to 11-year low

The fall has prompted US President Donald Trump to accuse Beijing of "currency manipulation."
BusinessAugust 5, 2019
China Schanghai Fahnen USA und China

No Chinese surrender in US trade battle

Despite months of relative optimism on Sino-US trade talks, things have hit the skids in recent days.
BusinessMay 13, 2019
China Schweine gehen baden in Shenyang

China adjusts soybean production

No group of US farmers has more to lose from a trade war with China than soybean growers.
BusinessSeptember 19, 2018
Japan Financial Markets (picture alliance/AP Photo)

China's stock market falls to third place

Japan pushes the Chinese aside for the first time since China became the world's second biggest stock market in 2014.
BusinessAugust 3, 2018
Symbolbild Handelskrieg USA und China mit Dollar- und Yuan-Geldschein

China's falling yuan stokes currency tensions

The Chinese yuan has been on a losing streak in recent days, drawing fresh ire from US President Trump.
BusinessJuly 30, 2018
Apple factory in China

Trump willing to slap tariffs on all Chinese imports

Trump has said he would slap tariffs on all Chinese imports, while also chiding the Fed's tightening monetary policy.
BusinessJuly 20, 2018
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French baby panda's debut

The cuddly five-month-old's first foray outside his den began with a slight mishap.
January 14, 201801:21 min
Yuan Meng, a baby panda, climbs a fence

France's first panda cub makes public debut

A playful baby panda has been the star attraction this weekend at Beauval Zoo, south of Paris.
Nature and EnvironmentJanuary 14, 2018
Screenshot DW Wirtschaftsreportage Deutschland Handel mit China

China worries about yuan and exports

As China's currency is rallying, exports are slumping, fueling worries ahead of a Communist Party conference.
BusinessSeptember 8, 2017
Portugal Filiale der Bank of China in der Rua Braamcamp nahe dem zentralen Marques de Pombal Platz in Lissabon

ECB approves yuan as reserve currency

The ECB has approved the yuan as a reserve currency. It is a small but historic step for China, says DW's Frank Sieren.
PoliticsJune 23, 2017
China exportiert Luxusbusse nach Venezuela

China keen to avoid trade war

China does not want a trade war with the US said its Prime Minister Li Keqiang, at the National People's Congress.
BusinessMarch 15, 201701:30 min
Yuan banknote

Biggest one-day yuan support in over 10 years

China has shored up the sagging national currency by setting the largest one-day yuan increase in over a decade.
BusinessJanuary 6, 2017
China Wirtschaft Symbolbild

China trade rebounds

Chinese exports snapped a seven-month losing streak and imports also rose in a sign that global demand is recovering.
BusinessDecember 8, 2016
China deutscher Maschinenbau

China slows spending abroad

The Chinese government is now putting on the brakes. The huge amounts of capital being drained off abroad.
BusinessNovember 29, 201601:46 min
Euro banknote on lawn Symbolbild

China curbs capital outflows

China is stepping up measures to stem capital outflows after the national currency skidded to new lows.
BusinessNovember 29, 2016
China Containerhafen

Sharp drop in China trade

Chinese exports plummeted amid sluggish global demand, while a drop in imports shows weaker domestic demand.
BusinessOctober 13, 2016
Verschiedene Yuan-Geldscheine

Yuan follows the dollar and the euro

China's yuan is becoming part of the IMF's SDR basket, joining a club of the world's most important currencies.
BusinessSeptember 30, 2016
China Banknote

Will it boost tourism?

In a bid to attract more Chinese tourists into the country, Cambodia is accepting payments in yuan.
August 10, 2016
China Containerhafen

Weak China trade

Chinese imports and exports in dollar terms dropped sharply in June as the yuan depreciated against the US currency.
July 13, 2016
China USA Strategischer und Wirtschaftlicher Dialog in Peking

China expands US access to domestic stocks

China is easing US access to domestic stocks, and has pledged to curb the flood of its steel on the global market.
June 7, 2016
IMF Scheine chinesisches Yuan

China fixes yuan lower

The People's Bank of China has set the country's currency at its lowest level since February 2011.
May 30, 2016
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China and Nigeria tighten ties in trade and currency

China Nigeria summit marks 45 years of diplomatic ties
BusinessApril 13, 201601:09 min
China Yuan Währung Geld

Yuan in the crosshairs

Given China's slowing economy, the country might be tempted to let its currency fall further.
February 3, 2016
China Wirtschaft Fabrik Produktion

China stock slide on weak factories

Chinese shares have stumbled lower after factory data for January fell to their lowest since mid-2012.
February 1, 2016
China stock chart

Asia markets resume sell-off

Asian stock markets have swept lower again, with China remaining the epicenter of unease.
January 11, 2016
China Börse

China stocks rebound

China stocks swung wildly in trading on Friday before staying in positive territory and ending the day up 2 percent.
January 8, 2016
China stock market

China shares swing after 'circuit breaker' lift

The central bank has set the yuan higher, after eight days of weakening.
January 8, 2016
China Börse

China shares trade suspended

China stock markets closed less than half an hour after opening Thursday when shares fell more than 7 percent.
January 7, 2016
China Börse

Chinese stock trading suspended, DAX drops

The Chinese stock exchange has been suspended for the second time this week.
January 7, 2016
IMF Scheine chinesisches Yuan

Sieren's China: Floating freely

Beijing is letting the Chinese yuan become less dependent on the US dollar.
December 15, 2015
China Yuan Währung Geld

Sieren's China

The Chinese yuan, also known as the renminbi, has joined the IMF’s reserve-currency basket.
December 2, 2015
China Finanzmarkt Juni 2013

Yuan becomes IMF reserve currency

China's currency, the renminbi - or yuan - has received a major status upgrade on Monday.
November 30, 2015
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Yuan to become reserve currency

It's a very exclusive club -- and China wants in. Today the International Monetary Fund is widely expected to approve the Chinese Yuan as a global reserve currency. That would allow the Chinese currency into the penthouse suite currently occupied by the world's most rock-solid elite: the US dollar, the euro, the British pound, and the Japanese yen.
November 30, 201501:20 min