Over 60% of foreign bank reserves are denominated in dollars. China's digital RMB could challenge the world's currency ...

China is seizing an opportunity to challenge American dominance in global finance and exert greater international influence at the expense of the all-powerful US dollar.

On Saturday, Chinese President Xi Jinping made it public: he wants the renminbi, China’s currency, to replace the dollar as the global reserve currency. But is this even possible?

The technology allows the authorities to not only track where money is going, but also programme how it flows. Read more at straitstimes.com. Read more at straitstimes.com.

Xi Jinping says the goal of becoming an international powerhouse is a long-term one and will rest on core foundations.

Washington says it could still designate Beijing in future if evidence found that it limits currency's strength The United ...

By David Lawder WASHINGTON, Jan 29 (Reuters) - The U.S. Treasury said on Thursday it was strengthening scrutiny of countries' ...