The US president's decision to halt CBDC development may inadvertently hasten the de-dollarisation trend, smoothing path for ...

China began laying the groundwork for its digital yuan in 2014 and has launched trials of its central bank digital currency (CBDC), known as the e-CNY or e-yuan, in select cities since 2019 ...

China's technological capabilities may be advancing faster than previously thought, challenging U.S. dominance in AI, digital ...

China extended its support for the yuan by setting its daily reference rate for the managed currency at a level stronger than ...

The US Senate’s confirmation hearing for Mr Bessent last week as Treasury Secretary was remarkable, as much of the discussion ...

The expansion of China’s digital yuan and financial technology are helping to boost yuan settlements in the crude trade and hastening the decline of the petrodollar, a report from a ...

Currency traders are waiting with bated breath for China’s next daily reference rate for the yuan, with some expecting ...

China’s top leaders and policymakers are considering allowing the yuan to weaken in 2025 as they brace for higher trade tariffs in a second Donald Trump presidency in the United States.

Rather than directly challenging dollar pricing, China is focused on creating alternative settlement mechanisms and deeper economic integration with oil producers. Its digital yuan and the Multiple ...

This milestone highlights the vast potential of China's digital economy and its key role in driving technological ... the country's total online retail sales reached 15.52 trillion yuan (about 2.15 ...

China expands consumer trade-in scheme to boost demand Subsidies for digital goods aim to revive ... smart watches and bracelets under 6,000 yuan could get 15% subsidies. The statement did not ...