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When China’s central bank governor laid out his vision for a more multipolar monetary system last month, he signaled ...
The yuan has the potential to become a safe-haven currency, a former central bank official said while calling for ...
Meanwhile, foreign holdings of onshore yuan bonds increased by 920 billion yuan ($128.12 billion) since the end of 2022 to a record high in June, official data showed.
China is pushing forward with its experiment in creating a digital version of the yuan and may give foreign athletes and visitors a chance to use it at the 2022 Beijing Winter Olympics.
China is grappling with a slowing economy, yet its currency has rarely been stronger. The yuan is also outperforming the US dollar this year even as the Fed prepares to hike interest rates. So ...
The Chinese currency – the yuan or renminbi – has been steadily strengthening against the US dollar since about May of last year. At the start of 2020, one US dollar would fetch you nearly ...
China's tech giants JD.com and Alibaba affiliate Ant Group are urging the central bank to authorise yuan-based stablecoins to ...
The answer is to be found in China’s currency management over the past 30 years. First during the 1997 Asian financial crisis and then during the 2008-09 global financial crisis, Beijing ...
The Chinese currency’s use abroad has risen sharply. ... China’s cross-border yuan settlement for merchandise trade has more than doubled, on a monthly basis, since mid-2020.
The Chinese yuan is turning into kind of a big deal. Société Générale currency analyst Olivier Korber, in a Thursday note, observed that among the five largest U.S. trade partners, only the ...
The U.S. Treasury has labeled China a currency manipulator. This escalation in the U.S.-China trade war has rattled global markets, and investors are wondering how much further Beijing will let ...
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