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China’s renewed push for yuan internationalization is aimed at multipolarity, rather than replacing the dollar as the preeminent global currency, said Teneo.
A resilient domestic economy and US debt fears could see the Chinese currency appreciate further, analysts say.
SHANGHAI: The yuan held steady against the US dollar on Wednesday, trading near an eight-month high hit in the previous ...
TAIPEI] Alibaba Group Holding is offering 50 billion yuan (S$8.9 billion) of subsidies for food deliveries and online retail ...
China faces growing calls from policy advisers and economists to explore using stablecoins for cross-border payments, as the ...
From expanding investment channels to building digital infrastructure, Beijing has been laying the groundwork to promote ...
China lifted its official yuan midpoint to its strongest since November on Tuesday, but pressured its value versus its major ...
China is launching a sweeping campaign to promote the yuan’s global role, seizing what officials see as a rare strategic ...
In his wildest dreams, Chinese leader Xi Jinping and his designs on currency domination couldn’t have imagined a better foil ...
China faces growing calls from policy advisers and economists to explore using stablecoins for cross-border payments, as the ...
Alibaba Group Holding Ltd is offering 50 billion yuan ($7 billion) of subsidies for food deliveries and online retail to ...