China is taking its first concrete steps toward developing stablecoins linked to the yuan, aiming to counter the rising ...

The yuan internationalisation index, released by Renmin University a week ago, rose by about 11 per cent in 2024 – further ...

The yuan is closing in on its biggest weekly drop in over six months as the dollar rebounds, sharpening the focus on the ...

China’s central bank stepped in to stabilize the yuan with its daily reference rate, after the currency dropped to a ...

Some Chinese officials worry that the U.S.'s decision to embrace stablecoins through the Genius Act might reverse the trend ...

As Beijing pushes consumer lending to stimulate the economy, millions of Chinese borrowers, especially the young, are falling ...

China’s central bank stepped in on Thursday, July 31, to stop the yuan from sliding further after the currency dropped to its ...

The digital yuan originated with a project launched by the People’s Bank of China (PBOC) in 2014. At the time, central bank digital currencies or CBDCs were a new idea discussed only in ...

The yuan, also referred to as the renminbi , hit 7.0234 per dollar on Thursday, levels last seen in December before euphoria over China's reopening after the COVID-19 pandemic lifted it for a few ...