When the U.S. dollar loses its monopoly on pricing the world’s critical resources, Americans’ purchasing power weakens.
China’s renminbi is lagging the currencies of key trading partners, making Chinese goods and services cheap and helping to ...
Caught between Beijing and the Trump administration, the International Monetary Fund offered mild criticism of China for ...
China is devising more ways for foreign institutions to use the yuan, as international confidence in the U.S. dollar falters. The moves aim at challenging the greenback, experts said, even as the U.S.
Once the world's largest financier, China has in recent years become its top debt collector as grace periods expire on billions of dollars in loans issued to the global south. This year, a record $22 ...
BANGKOK — China has been expanding use of digital currencies as it promotes wider use of its yuan, or renminbi, to reflect its status as the world's second-largest economy and challenge the ...
In recent weeks, a cluster of news reports and commentary has drawn attention to China’s accelerating efforts to internationalize the renminbi (RMB). At the Lujiazui Forum in Shanghai, The New York ...
BANGKOK — China has been expanding use of digital currencies as it promotes wider use of its yuan, or renminbi, to reflect its status as the world’s second-largest economy and challenge the ...
China is devising more ways for foreign institutions to use the yuan, as international confidence in the U.S. dollar falters. Stream Los Angeles News for free, 24/7, wherever you are. The moves aim at ...