A Chinese clerk counts renminbi yuan banknotes in Nantong, East China's Jiangsu province. [Photo/IC] The internationalization ...

Xi Jinping has laid out an explicit goal for China’s currency, urging that the renminbi evolve into a widely used international unit that can eventually be held as a reserve currency. In an essay ...

China's PBOC plans a national clearinghouse for digital yuan transactions, modeled after UnionPay, as e-CNY volumes hit $2.47 ...

ALBAWABA- The Chinese yuan strengthened to its highest level against the US dollar in more than three years, underscoring ...

BEIJING] The global AI investment boom is powering a new wave of Chinese exports and making Beijing more comfortable with a ...

China has long pushed back against digital currencies, but that might be changing. For years, Beijing’s position on digital assets seemed resolute: cryptocurrencies were a threat to financial ...

China is actively promoting the renminbi as a global currency to lessen its dependence on the US dollar, viewing this shift as crucial for national security.

Nearly 25% of Chinese firms report FX losses as the yuan strengthens roughly 6% against the dollar, complicating Beijing's ...

The ongoing trade tensions between the United States and China are playing out throughout different forex markets as the dollar continues to lose value. But is a strengthened renminbi in China’s ...

BEIJING/SHANGHAI, Dec 29 - Holdings of China's digital yuan, or e-CNY, will start generating interest income next year under a new framework, state broadcaster CCTV said on Monday, as China steps up ...