China’s central bank intervened by setting a stronger yuan reference rate on Monday, reacting swiftly after Federal Reserve Chair Jerome Powell hinted at potential rate cuts during his […]
China Targets Global Trade with Yuan-Pegged Stablecoins
China is taking a significant step towards expanding its global financial presence by exploring the use of yuan-backed stablecoins for international trade. The initiative, still in its early […]
China Seeks to Supercharge Cross-Border Trade with Yuan-Backed Stablecoins
China’s push to enhance its global financial influence is gaining momentum, centered on yuan-backed stablecoins. The country aims to position the yuan as a prominent player in international […]
Hong Kong Paves Way for Yuan-Backed Stablecoins to Facilitate International Payments
China’s State Council is set to review a new plan this month that aims to increase the international use of its yuan through stablecoins. The initiative specifically targets […]
China Pursues Yuan-Backed Stablecoins for Global Financial Expansion
China’s State Council is poised to approve the use of yuan-backed stablecoins, marking a significant step towards strengthening the global role of the Chinese yuan. This move aims […]
China mulls first Yuan-Pegged Stablecoin: Could shift global payment flows
Amid a growing international push for stablecoins tied to the US dollar, China is considering allowing the use of yuan-backed stablecoins for the first time. This move would […]
China’s FX Reserve Dip Amidst Strong Trade Surplus Explained
China’s foreign exchange reserves have seen a slight decline despite a record trade surplus. This seemingly paradoxical situation reveals intricate dynamics within the Chinese economy, driven by capital […]
China Orders Banks to Use Yuan in Cross-Border Trade Amid Tariff Tensions
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 […]