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.
China's currency, the yuan, has come under renewed pressure amid spoeculation that Beijing would permit more depreciation. This page collates recent DW content on the topic.
Money used to be no object for Chinese companies. They would spend billions without batting an eye, buying up desirable foreign companies. All steered by the leadership in Bejing. And why not? Chinese companies were sitting on mountains of capital, saved during the boom years of unbridled growth. That attracted technology. Innovation is a product you can buy.
Africa's biggest economy Nigeria has agreed to become the first African country to include China's yuan currency in its foreign reserves. China is Nigeria's second largest trading partner and its third largest source of investment. The two are countries are marking 45 years of diplomatic ties
2015 marked the end of China's economic boom. Moderate growth in single digits, stock market turbulence, and a drop in consumer confidence. Beijing reacted to the shifts by devaluing the yuan, to make its exports cheaper. But there's a whole group of people the government can do little for - itinerant laborers, who make up a fifth of the population. They're the first ones to feel China's slowdown.