Yuan Quotations

We will not reform the yuan until the time is right even if there is external pressure.

It's not easy to be my sons because we're very high profile. We try so hard to give them a normal life. I'm very, very tight with them about money. I don't give that money until they ask, 'I need 100 yuan for my lunch card,' and so on. So they never have extra money.

When I started selling air conditioners early on, customers were willing to pay an extra 200 yuan to buy from Suning. Why? Service was good.

We've seen the yuan go stronger even as the dollar had a big move up in its last trading session. That's abnormal and it's probably because the authorities are trying to use it for political effect.

So many of the consumer electronics we buy from China are simply assembled there from parts made in other Asian countries. In yuan terms, that would make the parts they buy cheaper. So it wouldn't have much effect.

Motivated by a hundred thousand yuan they could save on the tax before the new rule takes effect, those luxury car buyers who are eager to get a license to drive, largely raise their bidding price, which resulted in the new highest price.

If they die, it would mean a loss of 2,400 yuan ($296),

If the yuan rises too rapidly, a lot of overseas investors might move their factories or companies out of China.

But we will be forced to war if the Legislative Yuan or a referendum approves a new constitution.

But what's more interesting is the U.S.-China deficit, especially with what's going on in Beijing just now. It's going to put a lot of pressure on the U.S. to get China to move (further on yuan flexibility), and to the extent that they don't, that's going to raise protectionist rhetoric in Congress, which I think is ultimately dollar-negative.

China's side of the story. We'll also tell them that we are not manipulating the yuan exchange rate at all. So we hope they will not label China as a currency manipulator.

China's conditions are not ready (to allow the yuan to float). Maybe in eight or 10 years' time. ... There will only be gradual change before then.

China is letting the yuan rise in very small increments, so the need to buy dollars remains. So long as it continues this policy, the pace of buying will remain constant, and its reserves will keep rising.

If China was to completely get rid of its currency peg, and the yuan became completely convertible, it would fall under pressure. It would become another Thai baht.

If China is happy to see local interest rates rise, then it's happy to see some tightening monetary conditions in general and therefore could arguably be more receptive of yuan reform.

Fresh money is flowing into the Hong Kong stock market to bet on further yuan rises and the money may flow into the domestic markets via various channels too.

It is going to put a lot of pressure on the US to get China to move further on yuan flexibility and to the extent that they don't, that's going to raise protectionist rhetoric in Congress.

Prices above 50,000 yuan will have some negative impact on demand, but in this bull market consumers may be forced to accept these levels.

That argues for sustained yuan appreciation in the coming months, irrespective of dollar moves.

Margins in China are razor thin and they may not be able to withstand much yuan appreciation. The export sector is vulnerable and the government is going to be very cautious in what it does and that's the message.

It does appear that they used the trip to provide cover for delaying a full vote on their bill which would impose a 27.5% tax on all imports from China if it did not allow the yuan to appreciate significantly with six months of passage of the bill.

We're likely to break the 8 yuan per dollar level this month. The diplomatic atmosphere has played a role as it suits Chinese interests to move a little quicker as the U.S.-China relationship is at risk of deterioration.

We will further improve the yuan exchange rate formation mechanism and constantly make the exchange rate more responsive to market supply and demand.

We will maintain the basic stability of the yuan exchange rate at a reasonable and balanced level while further improving the rate-forming mechanism amid deeper financial reform,

The recent national economic survey has apparently found another 2.4 trillion yuan (296 billion dollars) worth of output.

Even if the yuan ultimately needs to appreciate by 10 percent or more, it doesn't mean we need to do it all at once.

As soon as we have market makers, banks will be given freedom to price dollars against yuan. They would definitely create a market. We expect the margin in which the yuan is traded will widen.

There's room for the yuan to move faster, China isn't likely to bow to international pressure. It's probably a face issue, it's a matter of timing.

There's lots of speculators betting that we're going to break the 8 yuan per dollar level soon. The authorities are very averse to speculators trying to make money, so they're making it hard for them.

The stock has dropped over the last five to six years from over 30 yuan and now it's time to rebound with the good news.

The Singapore dollar is a good proxy for the yuan as Singapore is an open economy. When sentiment on the region and the yuan is strong, that's going to benefit the Singapore dollar.

After the end of 2006, when China fully opens its yuan business to foreign investors, this (investment) limit will only be meaningful for tax collection purposes.

Authorities are opting for direct monetary policy instruments instead of allowing faster appreciation of the yuan to achieve the tightening effect. The pace of yuan appreciation will likely be rather moderate in the coming weeks.

This flexible mechanism, this managed floating regime, will allow us to adjust the yuan exchange rate flexibly in the future.

They've been slow on opening the floodgates to allow more capital out of the country because even though now there are clear reasons for bringing capital into China, some day people will want to get out of the yuan - whether it's for safety or a higher return.

The yuan rise is good, not only for property companies but for all yuan-denominated assets, including A-shares.

The yuan is no longer pegged to the US dollar and will not see further official adjustment.

The yuan has moved more closely in sync with the overall performance of the region's currencies against the US dollar.

The yen rose earlier on a report that the Chinese yuan could be convertible on the capital account in the future.

The yen also got a boost from the China story because the yen is a yuan proxy.

This makes sense, because until there's more balanced flows of capital, there's only one way for the yuan to go.

A stronger yuan could lead to greater Chinese asset accumulation in the U.S. and elsewhere.

All prices went up by about 1,400 yuan (per ton),

It shows that the system is more relaxed for the yuan to move.

It's clearly yen positive, especially when China is gradually allowing the yuan to appreciate day by day.

It's definitely the case that the yuan is going to be allowed to appreciate as the economy grows. We're expecting some good growth.

They have to accumulate dollars to keep the yuan down relative to the dollar. But since China has moved to peg the yuan to a market basket of currencies, instead of just the dollar, it's logical for them move their foreign exchange holdings to the same basket.

They've left the deposit rate unchanged, so they clearly don't want to make the yuan any more attractive then it already is.

The Chinese yuan isn't a reserve currency at all, let alone 'the' reserve currency. We're a very long way away.

If more and more enterprises and industries sell their U.S. dollars or foreign exchange maybe the yuan will have appreciation pressure. We don't want these kinds of capital flows to have a very strong impact on the economic growth trend.

If the US dollar remains firm, then flows looking for an appreciation of the yuan will remain at their 2005 levels or lower and we're forecasting a more or less unchanged trade surplus.

In 2010, when the Lotus Sutra was made available to me by a private dealer, I was very fortunate to be able to have it. It is very long, 30 feet or something crazy like that. It has some 15,000 very small standard script characters that the artist Zhao Mengfu in the Yuan dynasty made when he was in his 60s.

can heed fully the opinions and introduction by Chinese leaders and principal officials in relevant areas about China's Yuan exchange rate and financial reform. We hope they can have a better and correct understanding.

By saying China is a manipulator the U.S. would put more pressure on China to let the yuan appreciate faster and indirectly that would mean a slightly weaker dollar.

How to effectively ease the upward pressure is vital for the yuan exchange rate reforms and also vital in resolving the problem of the runaway growth in foreign exchange reserves.

The Europeans don't care as much about the yuan because the issue is trade and their deficits with the Chinese are much smaller than the U.S.'s.

The Europeans are concerned that should China allow more appreciation in the yuan that we could see an acceleration of dollar weakness, and that could spill over into major markets, and we could see European currencies strengthening.

The dollar was pushed down against the yuan yesterday when the two senators arrived. This is yen supportive to some extent.

The central bank could scrap the way it automatically determines the closing rate of the yuan and determine it on its own.

The consistently elevated level of trade surplus continues to put pressure on officials to allow further yuan appreciation.

The Japanese yen will become less of a driver for Asian foreign exchange and the influence of the yuan will grow.