Yuan Rises to Highest Since November on Weak Dollar, Stock Gains
The Chinese yuan rose to its strongest level against the dollar since November, buoyed by a weaker greenback and gains…
Tag: yuan
PetroChina Proposes to Buy Gas Storage Firms for 40 Billion Yuan
PetroChina Co. has proposed buying three natural gas storage companies for 40 billion yuan ($5.6 billion). www.bloomberg.com #PetroChina #Proposes #Buy…
BYD cuts Yuan Up EV prices to just $10,500 with new ‘Pilot’ model
To celebrate 1.5 million in sales, BYD launched a new Yuan Up “Pilot” EV edition on Thursday with prices now…
China pushes Shanghai’s digital yuan model to national free trade zones
The People’s Bank of China is taking steps to expand its digital yuan project, starting with its free trade zones.…
Digital Currency Showdown: Chinese Tech Giants Plot Yuan Stablecoin Strike Against the Dollar
Chinese tech giants are urging the central bank to grant them permission to issue yuan-backed stablecoins in a bid to…
Yuan vs. Greenback: China’s Quiet Campaign for Financial Supremacy
Chinese authorities are ramping up efforts to enhance the international status of the yuan and reduce reliance on the U.S.…
China Seizes Moment to Globalize Yuan as Dollar Doubts Mount
China is launching a sweeping campaign to promote the yuan’s global role, seizing what officials see as a rare strategic…
China doubles down on promoting yuan as confidence in U.S. dollar ebbs
A bank employee count China’s renminbi (RMB) or yuan notes next to U.S. dollar notes at a Kasikornbank in Bangkok,…
Analysts: China Should Introduce Yuan Alternatives to Combat Dollarization Driven by Stablecoins
According to analysts, one alternative for China to combat the impending stablecoin-based dollarization and its unintended consequences is the issuance…
US Dollar Faces Test as Economist Sees Yuan, Rupee, Ruble Rising
Global de-dollarization is surging as a leading economist confirms nations are accelerating the shift to local currencies, reshaping global finance…