Beijing is using its market power in iron ore to pressure BHP as it moves to expand yuan-based trade and reduce reliance on ...

Increasing yuan-borrowing overseas can be coordinated with the trend of Chinese firms expanding industrial supply chains ...

The International Monetary Fund has warned of currency risks arising for nations such as Kenya and Ethiopia that are swapping ...

China pushes yuan globalisation with cheaper borrowing, wider offshore access, and expanded panda bond markets.

BEIJING, Nov. 24 (Xinhua) -- The central parity rate of the Chinese currency renminbi, or the yuan, strengthened 28 pips to 7.0847 against the U.S. dollar Monday, according to the China Foreign ...

The International Monetary Fund (IMF) just issued a warning to countries converting their dollar loans from China into yuan.

Beijing’s new five-year plan signals bolder ambitions for the renminbi, which makes up 8.5% of global currency trades.

China now settles nearly a third of its $6.2 trillion trade in yuan instead of dollars — up from 20% in 2022. But economic imbalances and tight capital controls ...

The People's Bank of China (PBOC) aims to make the yuan a global funding currency, encouraging companies and financial ...

China’s central bank vowed to further encourage financing in the yuan by overseas entities, betting cheap borrowing costs and increased demand for the currency offshore will be crucial drivers for its ...

Based on Thursday’s fixing, the yuan’s value against a basket of currencies, as measured by the yuan CFETS index, rose to a ...