The US is considering promoting global dollar adoption to counter China’s growing influence in the currency market.

China now settles nearly a third of its $6.2 trillion trade in yuan instead of dollars— up from 20% in 2022. Alarmed by the ...

BEIJING -- The People's Bank of China, the country's central bank, has renewed a bilateral currency swap agreement with the ...

China’s central bank appears to be taking a more assertive stance in its push to expand the yuan’s role in the global ...

China is leveraging its position as the world’s largest creditor to help broaden usage of the yuan, offering overseas ...

In Kenya and Ethiopia, China is using debt distress as a strategic opening to expand the RMB’s international use.

President Lee Jae Myung (2nd from R) and Chinese President Xi Jinping (2nd from L) attend a signing ceremony for a currency ...

BHP Billiton’s agreement to settle 30% of its iron ore spot trades in Chinese Yuan marks a major shift away from dollar ...

The local currency transactions made between Indonesia and Japan also reached $5 billion, Bank Indonesia says.

Beijing’s policymakers are recasting digital money as a tool of national power. A recent study in Study Times describes ...