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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 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
3 mins read
China's EV giants shine at Europe's largest auto show while local rivals despair
Chinese automakers revealed new EVs at the Paris Motor Show, highlighting their technological edge …
Tom Carter
3 mins read
The Chinese yuan surged to a 16-month high, but Beijing may not be happy about it
The US dollar to offshore Chinese yuan, or CNH rate fell to as low as 6.9951, the first time it bre…
Huileng Tan
2 mins read
Fed rate hikes have made borrowing greenbacks costlier and pushed more firms to de-dollarize, think tank says
Global firms had to find cheaper alternatives to dollar debt as the Fed raised interest rates, the …
Filip De Mott
3 mins read
Rural men in China say they're too poor to afford the massive dowries expected of them. People on social media say it's just an excuse.
One rural worker said dowries in his region had grown to $70,000, per state media. That's about 25 …
Matthew Loh
2 mins read
Check out Tesla rival BYD's $233K electric supercar that has Ferrari and McLaren vibes
BYD's Yangwang U9 is expected to compete against luxury supercar-makers like Ferrari later this sum…
Ana Altchek
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
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
2 mins read
A BRICS currency backed by gold 'makes no sense whatsoever,' says one market guru
David Woo, previously a top strategist at Bank of America, questioned what would be achieved by cre…
Joseph Wilkins
4 mins read
3 reasons why even China doesn't want the yuan to replace the dollar as the world's reserve currency
The yuan is the dollar's most high-profile contender, against the backdrop of US-China tensions and…
Huileng Tan
4 mins read
3 reasons why even China doesn't want the yuan to replace the dollar as the world's reserve currency
The yuan is the dollar's most high-profile contender, against the backdrop of US-China tensions and…
Huileng Tan
1 min read
China's yuan has fallen to the lowest rate since 2014 by one measure, and Beijing is OK with that for now, FX strategist says
"So valuation-wise, renminbi is starting to look cheap," a Macquarie foreign exchange strategist sa…
Jason Ma
2 mins read
China says it's moving to buy oil and gas in the yuan — a move that could threaten the dollar's global dominance in the long run
It's not clear if the Gulf nations are taking up the proposal, but Saudi Arabia has been in talks t…
Huileng Tan
2 mins read
China says it's moving to buy oil and gas in the yuan — a move that could threaten the dollar's global dominance in the long run
It's not clear if the Gulf nations are taking up the proposal, but Saudi Arabia has been in talks t…
Huileng Tan
2 mins read
China needs to grow its US dollar reserves to boost the yuan's status as a global reserve currency and gain credibility, new study says
Dollar dominance isn't going away soon, but a new paper argues China can uplift the yuan by increas…
Phil Rosen
3 mins read
China's GDP sinks to 3% in 2022, second lowest in 50 years
The slow pace was blamed mainly on the strictly implemented zero-Covid policy leading to periodi…
PTI
2 mins read
China's yuan will end US dollar dominance and create a bipolar currency system in the next decade, says 'Dr. Doom' Nouriel Roubini
"The intensifying geopolitical contest between Washington and Beijing will inevitably be felt in a …
Brian Evans
2 mins read
Xiaomi officially registers its electric vehicle company, co-founder Lei Jun announces
Xiaomi’s first electric vehicle will be either a sedan or an SUV, Lei Jun revealed earlier t…
3 mins read
De-dollarization and global reserves dominance, explained by a top currency economist and the inventor of the 'dollar smile' theory
Insider's Phil Rosen interviews Eurizon SLJ economist and inventor of the dollar smile theory, Step…