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Chinese economist warns that financial sanctions could become new US-China battleground

A prominent Chinese economist has cautioned that financial sanctions and countermeasures could “become a new battleground” in China-US rivalry, while…

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New Business

China rolls out plan to promote its own payment system as US trade war simmers

China has released an action plan to promote the use of the yuan and its own payment system in international…

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New Business

Opinion | China has a secret weapon in US trade war – the renminbi

The US’ “reciprocal tariffs” resemble an indiscriminate attack, hitting not only industrial nations like China and Japan but also highly…

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New Business

China’s yuan on the rise in oil trade, but petrodollar here to stay: report

The expansion of China’s digital yuan and financial technology are helping to boost yuan settlements in the crude trade and…

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New Business

Yuan to catch up to China’s position in world’s economy: ex-official

Beijing would continue to advance the internationalisation of the yuan and further leverage Hong Kong’s role as a centre for…

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New Business

China’s interbank system promoted as safeguard against Swift consequences

China should promote its indigenous cross-border interbank system to reduce risks to its financial security, a senior researcher for a…

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