China lowered its official yuan midpoint for the six straight day to a fresh 19-month low against the dollar on Thursday. Prior to market opening, the People's Bank of China (PBOC) set the midpoint ...

Blog posts represent the views of CFR fellows and staff and not those of CFR, which takes no institutional positions. For a while now the smart take on China’s currency has been that it isn’t really ...

China’s decision to allow the yuan to strengthen is influencing emerging markets’ sentiment. When the yuan moves by 1%, the Thai baht, Malaysian ringgit, Chilean peso, Mexican peso, and Brazilian real ...

China's State Council to approve new yuan internationalisation plan later this month-sources Yuan-backed stablecoins seen as key amid US dollar dominance-sources Hong Kong and Shanghai to fast-track ...

(Reuters) -China is considering allowing the usage of yuan-backed stablecoins for the first time to boost wider adoption of its currency globally, sources familiar with the matter said, in a major ...

When U.S. President Donald Trump launched his first trade war in 2018, China weakened the yuan to offset U.S. tariffs imposed on its exporters. But the sharp depreciation did not come about ...

China should allow the yuan to strengthen against its key partners’ currencies and well beyond 7 per dollar to foster fair trade, according to Brad Setser, senior fellow at the Council on Foreign ...

China's top auditor found that local governments have misappropriated tens of billions of yuan of state-run basic pension funds for various purposes, including debt repayment, as they face mounting ...

The Chinese central bank set its reference rate at weaker than 7.2 to the dollar for the first time since September 2023. (Adek Berry/AFP/Getty Images) Analysts think a major devaluation of China’s ...

China's potential introduction of yuan-backed stablecoins has sparked global debate about a possible global currency reset, challenging the US dollar's dominance in international finance. With the ...

TOKYO -- The Chinese yuan has appreciated to the highest level in nearly 10 months against the U.S. dollar as concerns over frictions between the world's two largest economies subside and China's ...