China reverses its one-child policy. Now, the government provides cash for newborns. Starting in 2025, families get 3,600 ...

The yuan internationalisation index, released by Renmin University a week ago, rose by about 11 per cent in 2024 – further ...

China is preparing to launch yuan-backed stablecoins via Hong Kong to cut reliance on US dollar tokens and boost the renminbi ...

As Beijing pushes consumer lending to stimulate the economy, millions of Chinese borrowers, especially the young, are falling ...

China’s central bank stepped in to stabilize the yuan with its daily reference rate, after the currency dropped to a ...

First, enhance the intrinsic value of RMB assets and reinforce market confidence.

The yuan is closing in on its biggest weekly drop in over six months as the dollar rebounds, sharpening the focus on the ...

BEIJING -- China has allocated disaster relief funds totaling 1.015 billion yuan (about $142 million) to multiple ...

Some Chinese officials worry that the U.S.'s decision to embrace stablecoins through the Genius Act might reverse the trend ...

For the yuan to replace the dollar, it will, for instance, have to gain much wider acceptance than it presently has as a basis of trade and of import and export contracting. According to the ...

The digital yuan originated with a project launched by the People’s Bank of China (PBOC) in 2014. At the time, central bank digital currencies or CBDCs were a new idea discussed only in ...