China’s currency, the renminbi, is undervalued. Everyday evidence abounds: residents of Hong Kong, whose currency is tightly ...

BEIJING, Dec. 1 (Xinhua) -- The central parity rate of the Chinese currency renminbi, or the yuan, strengthened 30 pips to 7.0759 against the U.S. dollar Monday, according to the China Foreign ...

THE renminbi is hugely undervalued. This is an impediment to tackling China’s enormous current account surplus and the ...

Momentum is building for China to elevate the renminbi's global standing in the years ahead, with greater capital account ...

BEIJING, Dec. 1 (Xinhua) -- The following are the central parity rates of the Chinese currency renminbi, or the yuan, against 25 major currencies announced on Monday by the China Foreign Exchange ...

Kenya has converted part of its Chinese loans from U.S. dollars into renminbi (RMB), while Ethiopia is negotiating a similar arrangement. These conversions provide fiscal relief while embedding ...

Reciprocal tariffs, redesign of Treasury securities, weakening of multilateral institutions and advancing strategic digital ...

Momentum is building for China to elevate the renminbi's global standing in the years ahead, with greater capital account convertibility, a more coherent financial opening framework and expanded ...

When it comes to virtual currencies, especially stablecoins, China and Western countries have taken completely different ...

The current international monetary system continues to grapple with three major structural flaws: the inability to overcome ...

Information provided on Forbes Advisor is for educational purposes only. Your financial situation is unique and the products and services we review may not be right for your circumstances. We do not ...

The US dollar still dominates trade for now. But new research suggests Australia’s banks are unprepared for a world where China’s currency plays a much larger role.