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 People's Bank of China (PBC), the central bank, announced on Monday that it recently renewed its bilateral local currency swap agreement with the Bank of Korea for another five years, a move that ...

BEIJING, Nov. 6 (Xinhua) -- The central parity rate of the Chinese currency renminbi, or the yuan, strengthened 36 pips to 7.0865 against the U.S. dollar Thursday, according to the China Foreign ...

USD/CNY slips below 7.1 as trade tensions ease and Fed policy shifts. Easing trade tensions on Chinese imports could send the ...

China’s global renminbi lending surged 35% to a record RMB3.4 trillion as Beijing accelerates its de-dollarization push.

Russia is preparing to issue government bonds in China’s currency, the yuan, for the first time. The plan is designed to help cover a sharply increasing budget deficit that has grown far beyond the ...

China’s central bank appears to be taking a more assertive stance in its push to expand the yuan’s role in the global ...

The findings also add a nuance to the global currency war, which in some quarters is seen as a result of the Federal Reserve’s super-easy monetary policy stance and its desire to push the USD lower.

In Kenya and Ethiopia, China is using debt distress as a strategic opening to expand the RMB’s international use.

The International Air Transport Association (IATA) will be adding the Renminbi (CNY) as one of the settlement currencies ...