Yuan

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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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China’s yuan sees payment popularity rise amid ‘soaring volatility’ in US Treasury market

Enterprises are growing more keen on using the yuan in the settlement of international payments – a trend emerging as…

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China opts for stability over devaluation as tariff tremors give yuan a jolt

While China’s central bank has set the yuan’s daily reference rate to a four-month low against the US dollar, the…

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Given prevailing headwinds, Hong Kong has the big opportunity as an offshore yuan hub: CICC

Hong Kong faces an unprecedented opportunity as an offshore hub for the currency, despite what is broadly seen as short-term…

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China battles to stabilise yuan after Trump’s tariffs spark market upheaval

China’s central bank set the fixing rate for the yuan against the US dollar at its lowest level since January…

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Xpeng bets big on flying cars with US$413 million investment in new Guangzhou factory

Chinese companies are gearing up to redefine the future of transport, betting big on flying cars and robotaxis as competition…

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Opinion | Like yuan internationalisation, US re-industrialisation is a fairy tale

Incredibly, the world witnessed a striking split-screen last week: US President Donald Trump addressed a joint session of Congress while…

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Economists rebuke Trump’s currency claims, explain why Beijing wants yuan stable

US President Donald Trump’s latest accusation of China’s trade advantage via yuan depreciation suggests his sights are set on reducing…

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‘Gloves off’ in US-China trade war with Trump’s surprise tariff spikes

New tariff increases from the United States on goods from several trading partners – including an additional 10 per cent…

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China’s central bank vows to enhance yuan amid looming risks from strong US dollar

China’s central bank has pledged to advance the cross-border use of the yuan and develop the offshore yuan market, as…

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