Remember the consensus view for 2025 that tariffs would force China (and other emerging markets) to devalue their currencies? The opposite happened, spectacularly so, with the Chinese Yuan (CNY) at ...
China’s renminbi is lagging the currencies of key trading partners, making Chinese goods and services cheap and helping to drive exports. By Keith Bradsher Reporting from Beijing A night at the ...
China now settles nearly a third of its $6.2 trillion trade in yuan instead of dollars — up from 20% in 2022. But economic imbalances and tight capital controls will keep the currency from truly ...
CHINA’S LEADERS sense an epic opportunity. President Donald Trump’s erratic trade policy, gaping fiscal deficits and threats to the independence of America’s Federal Reserve risk badly hurting the ...
On 2 April 2025, China issued its first sovereign green bond denominated in Chinese renminbi (RMB). The issuance raised 6 billion RMB (US$824 million), an historic milestone that sends important ...
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China reportedly wants to do more deals in its own currency. Australia’s banks aren’t ready
In October, media reports suggested mining giant BHP had accepted a deal to settle about a third of its spot iron ore sales to Chinese customers in China’s own currency, the renminbi (RMB), rather ...
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