China now settles nearly a third of its $6.2 trillion trade in yuan instead of dollars — up from 20% in 2022. But economic ...
China now settles nearly a third of its $6.2 trillion trade in yuan instead of dollars — up from 20% in 2022. But economic ...
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.
The Taiwanese dollar’s rally is boxing in the island’s central bank, leaving it with limited room to intervene in order to ...
BEIJING -- The People's Bank of China, the country's central bank, has renewed a bilateral currency swap agreement with the ...
BHP Billiton’s agreement to settle 30% of its iron ore spot trades in Chinese Yuan marks a major shift away from dollar ...
China and South Korea signed a bilateral currency swap and other economic cooperation agreements on Saturday, as their ...
German fashion group Hugo Boss on Tuesday reported quarterly sales below expectations, citing softer demand in Britain and ...
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China pushes yuan global use by flexing creditor power across developing nations
China is converting dollar debts owed by developing nations into yuan loans to expand global use of its currency.
The local currency transactions made between Indonesia and Japan also reached $5 billion, Bank Indonesia says.
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