Vietnam-China positive development maintained

Vietnam-China positive development maintained

(VOVWORLD) - Party General Secretary and President To Lamand his wife will pay a state visit to China from Sunday toTuesday at the invitation of Party General Secretary and President of China Xi...
China’s increased role in global trade

China’s increased role in global trade

(VOVworld) – The International Monetary Fund (IMF) has officially added the Chinese currency, the renminbi, to the organization’s Special Drawing Right (SDR) basket. This move acknowledges China’s important role in the...
Chinese Yuan granted reserve-currency status

Chinese Yuan granted reserve-currency status

(VOVworld) – The International Monetary Fund has decided to include the Chinese Yuan in the Special Drawing Rights basket (SDR). The Yuan has become the 5th currency in SDR together with the US dollar,...
Story behind yuan devaluation

Story behind yuan devaluation

(VOVworld)- The biggest 3-day devaluation of Chinese yuan since the establishment of the modern forex system in 1994 has shocked regional and global financial markets. The reasons behind...