A revived speech and a shifting global backdrop. Beijing is signalling new urgency in its push to elevate the yuan - but the trade-offs remain unresolved, analysts say.
BANGKOK — China has been expanding use of digital currencies as it promotes wider use of its yuan, or renminbi, to reflect its status as the world’s second-largest economy and challenge the ...
The turmoil in China’s currency and assets has caused ructions in markets all over the world, from stocks to other currencies. But a little-observed consequence may be a change in the issuance and ...
China is considering allowing the usage of yuan-backed stablecoins for the first time to boost wider adoption of its currency globally, sources familiar with the matter said, in a major reversal of ...
Chinese exporters are now actively managing currency risks. They are using financial tools like forward contracts to protect profits from yuan's rise and global tensions. This shift from holding ...
Forbes contributors publish independent expert analyses and insights. I write about how fintech is disrupting the financial industry in Asia. In early February, an important Chinese journal (Qiushi) ...
What changes when China’s leader finally states a reserve currency ambition explicitly? Xi Jinping has now done so, calling for the renminbi to attain global reserve currency status, not in a speech ...
As a candidate, President Donald Trump repeatedly promised that he would declare China a currency manipulator immediately after he took office. Twelve weeks in, his mindset has apparently changed.
The value of China’s currency, the yuan, is arguably the most debated and contested in the world. The country’s trading partners, especially the U.S., have long criticized Beijing’s policymakers of ...
BANGKOK — China has been expanding use of digital currencies as it promotes wider use of its yuan, or renminbi, to reflect its status as the world's second-largest economy and challenge the ...
(Reuters) -China is considering allowing the usage of yuan-backed stablecoins for the first time to boost wider adoption of its currency globally, sources familiar with the matter said, in a major ...