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 ...
The US is considering promoting global dollar adoption to counter China’s growing influence in the currency market.
The Chinese economy has shown resilience despite external headwinds as the Trump administration ramps up its trade war, but ...
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 ...
BEIJING -- The People's Bank of China, the country's central bank, has renewed a bilateral currency swap agreement with the ...
The leader of China’s central bank made a clear though indirect critique of the dollar’s role as the world’s main currency. By Keith Bradsher Reporting from Shanghai The governor of China’s central ...
In Kenya and Ethiopia, China is using debt distress as a strategic opening to expand the RMB’s international use.
Beijing’s policymakers are recasting digital money as a tool of national power. A recent study in Study Times describes ...
The local currency transactions made between Indonesia and Japan also reached $5 billion, Bank Indonesia says.