You Searched For "china renminbi" and got 20 results
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3 mins read
Russia can rely on China for the yuan, but China can't rely on anyone else
China faces many limitations to de-dollarization and just can't copy Russia's sanctions-proofing pl…
Huileng Tan
4 mins read
This Asian currency performed much better than Rupee, and it's not Renminbi, Baht or Ringgit
While the sharp volatility in rupee movement has kept the market nervous, Finance Minister Nirmala …
2 mins read
China's yuan is making headway a global reserve currency, with 85% of central banks keen on holding the asset
Central banks think China's currency will benefit from a shift to a "multipolar" world, boosting th…
Harry Robertson
2 mins read
China's yuan will sink to a 2-year low in the months ahead as investors flock to the dollar, Bank of America says
China's slowing economy, the Fed's plans to rapidly hike rates, and rising commodities prices will …
Harry Robertson
2 mins read
China's quest to turn the yuan into a global currency isn't actually driven by domination. It's about sanctions.
In a recent global survey of 1,660 enterprises, many respondents said their trading partners were u…
Huileng Tan
2 mins read
China's yuan is set for its worst weekly drop against the dollar since 2015, as investors rush back to the US
"Foreign money leaving the China equity and bond markets is in danger of becoming a flood," one mar…
Harry Robertson
2 mins read
The rise of cryptocurrencies could challenge the dominance of the US dollar, new Fed paper says
A new paper by the Federal Reserve detailed two other risks to the dominance of the US dollar: Euro…
Isabelle Lee
2 mins read
How China has helped Russia and Iran evade Western sanctions, according to a think tank
Beijing's oil market facilitates restricted trade for Russia and Iran, using "dark fleet" tankers t…
Yuheng Zhan
1 min read
Chinese state-run banks reportedly are looking to expand digital yuan usage to sales of investment funds and insurance
China Construction Bank has opened 7.23 million digital wallets for individual users, the South Chi…
Carla Mozée
2 mins read
China sees the transition to green energy as a chance to elevate the yuan and dedollarize key markets
The transition to green energy is "an opportunity for the nation to raise the global standing of th…
Filip De Mott
3 mins read
'King Dollar' is in no danger of losing supremacy to the yuan or cryptocurrencies because of its dominance in trading, a chief economist says
"The reality is the dollar can't be avoided and it will remain the dominant currency in trading and…
Shalini Nagarajan
1 min read
American companies are losing their faith in China, survey finds
Just 52% of US firms are optimistic about the outlook for business in China, the American Chamber o…
Joseph Wilkins
2 mins read
China's push to internationalize the yuan and reduce dependence on the US dollar is working, economist says
The yuan has seen a boost in the share of global payments using the currency this year, which could…
Aruni Soni
3 mins read
Billionaire Ray Dalio says 'almost everybody is underweight on China' and gives advice on how to invest in the world's 2nd-largest economy
"Almost everybody is underweight on China if you look at any of the benchmarks relative to world ca…
Saloni Sardana
3 mins read
China faces 5 big obstacles in its effort to de-dollarize and boost the yuan on the world stage
Obstacles include China's capital controls and the longstanding popularity and use of the US dollar…
Jennifer Sor
1 min read
Bank of China eyes de-dollarization move in Africa, pushing the yuan in a top copper producer
The Bank of China's office in Zambia is pushing to increase trade using the yuan in Africa's second…
Aruni Soni
3 mins read
Trump's blame game with China on the origins of COVID-19 could spark a major 'currency war,' analysts warn
Analysts warn that rising tensions could devalue yuan which could then spark devaluations of other …
Saloni Sardana
1 min read
China and Saudi Arabia sign a $7 billion currency swap agreement, adding to de-dollarization push
The agreement marks the latest move to boost internationalization of the yuan in global finance in …
Aruni Soni
1 min read
Russia is using China's yuan to settle 25% of its trade with the rest of the world, report says
Moscow has been stoking the de-dollarization movement by refusing to settle contracts using so-call…
George Glover
2 mins read
Regulators will ultimately 'stop the music' on bitcoin and other cryptocurrencies, Amundi CIO says
Amundi's CIO Pascal Blanque called bitcoin a "farce" in a recent news conference and said investors…