2015 Event China devalues the yuan by 1% after devaluations of 1.62% and 1.92% over the past two days; the moves are an effort to stem an economic slowdown by boosting the competitiveness of exports and reducing the costs of borrowing 2014 Event The People's Bank of China widens its trading band for the yuan against the U.S. dollar to within 2% of the determined daily midpoint, moving the currency toward market-based valuation 2012 Event In Tokyo, direct trading begins between the Japanese yuan and the Chinese yuan 2012 Event China allows the yuan to fluctuate up to 1% from 0.5%, in trading against the U.S. dollar 2011 Event In China, the yuan reaches a record level against the U.S. dollar 2010 Event The U.S. House of Representatives imposes trade sanctions against China, which is believed to be undervaluing the yuan 1994 Death Li Yuan Artist-chia, dies at 65 1936 Birthday Yuan T. Lee, Chinese Scientist 1916 Death Yuan Shikai, president of China, dies at 56 1914 Event China's 1st president Yuan Shikai wins dictatorial qualification 1913 Event Yuan Shikai installed as 1st president of China 1913 Event Yuan Shikai captures Nanjing "2nd Chinese revolution" 1913 Event Sun Yet San calls for revolt against President Yuan Shikai in China 1859 Birthday Yuan She-k'ai, Chinese general/president/dictator
