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

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

By Kevin Yao and Ellen Zhang BEIJING (Reuters) -Chinese banks extended 2.24 trillion yuan ($312 billion) in new loans in June, more than triple May's total, and beating analysts' forecasts, helped by ...

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

BEIJING -- Southwest China's Xizang autonomous region has seen steady economic growth, with its regional gross domestic ...

The yuan, also referred to as the renminbi , hit 7.0234 per dollar on Thursday, levels last seen in December before euphoria over China's reopening after the COVID-19 pandemic lifted it for a few ...

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 ...

Indeed, yuan-rouble trading totalled 185 billion yuan in October, more than 80 times the level seen in February when Russia launched what it refers to as a "special military operation" in Ukraine ...