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 ...

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.

Swap from the US dollar comes amid difficult relations with Washington but is primarily driven by the Kenyan government’s domestic economic and political concerns rather than marking a major ...