China has mandated its largest banks to increase the usage of the yuan in trade with foreign partners, raising the required ratio to 40% from 25%, according to […]
China Aims for Global Yuan Dominance by 2025
China’s central bank has unveiled a strategic plan to boost the use of its yuan in international transactions, aiming for greater global adoption by May 2025. This ambitious […]
Brazil Considers Yuan-Backed Sovereign Bonds Amidst Stablecoin Regulation
As Brazil’s government implements stricter regulations for stablecoin transfers, it is exploring the potential of issuing Panda bonds denominated in Chinese yuan. This move reflects Brazil’s efforts to […]
China Stabilizes Yuan to Mitigate US Tariff Impact
In response to ongoing trade tensions with the United States and their associated tariffs, Chinese authorities have implemented measures to stabilize the yuan. This strategy aims to mitigate […]
China Imposes 84% Tariff on U.S. Imports, Yuan Plunges to Multi-Year Low
A new round of trade tensions between the US and China has escalated with Beijing imposing a blanket tariff of 84% on all goods from the U.S., triggering […]
Chinese Yuan Reaches 18-Year Low as Trade Tensions Mount
Facing intensified U.S. tariffs, the Chinese yuan has plunged to its lowest level in nearly two decades, weakening significantly against the US dollar. This latest slide comes amidst […]
Yuan Reaches New Low Amidst Trade Tensions
The Chinese yuan has experienced a significant decline against the U.S. dollar, reaching its lowest point since 2023. This depreciation stems from escalating trade tensions between China and […]