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China ramps up global yuan push, seizing on retreating dollar
As Chinese President Xi Jinping toured Southeast Asia this month to forge closer ties against higher U.S. tariffs, the People ...
MercoPress1d
China's Renmimbi has become world's second most used currency in trade finance
China has entered into more than 30 bilateral currency swap agreements since December 2008. As of May 15, 2015, the total value of effective currency swap agreements was RMB 2.9 trillion (US$ 468 ...
China, US clash over major Argentina currency swap line
China is on a crash course with the United States over a major Chinese currency swap deal with Argentina that has buffered ...
The Diplomat14d
The Real Threat Behind Trump’s Trade War: China’s Currency Offensive
China has been steadily working to elevate the international profile of the RMB. Though progress has been gradual, it carries ...
Morningstar28d
China's currency has never been weaker. Ray Dalio says that's the key to a U.S.-China trade deal.
China has slowly been letting its currency, also called the yuan, depreciate in value. The People's Bank of China set its daily reference rate at the lowest level since Sept. 2023 and the offshore ...