SYDNEY -- China's currency, the Renminbi, has begun an 'inevitable'climb into the Asia Pacific's regional reference currency as western quantitative easing intensifies, leading experts say. Two recent ...

数据显示，今年一季度，我国跨境人民币结算同比上升明显，人民币国际化的“拼图”不断铺展开来。 A worker counts Chinese currency renminbi at a bank in Linyi, East China's Shandong province. [Photo/Xinhua] Cross-border settlement of the Chinese ...

On Thursday, the offshore renminbi strengthened past the 7.0 level against the dollar for the first time since September 2024 ...

The Chinese government is trying to internationalize the RMB, and this gives rise to at least a few questions. What are the real reasons for this action? Will it succeed? What are the factors working ...

The jury is still out on whether the Chinese renminbi (RMB) will displace the U.S. dollar in the foreseeable future. What is clear, however, is that challenging a hegemonic currency is not simple. For ...

The findings also add a nuance to the global currency war, which in some quarters is seen as a result of the Federal Reserve’s super-easy monetary policy stance and its desire to push the USD lower.

Where to begin on this topic? Let me start with several "to be sure" statements and then the clearest formulation of the issue I can manage. - In specific, what I have seen in Chinese factories makes ...

Kenya has converted part of its Chinese loans from U.S. dollars into renminbi (RMB), while Ethiopia is negotiating a similar arrangement. These conversions provide fiscal relief while embedding ...

A staff member displays the banknotes and coins included in the 2019 edition of the fifth series of the renminbi at an Industrial and Commercial Bank of China (ICBC) branch in Beijing, capital of ...

CHINA will plough ahead with its financial reforms with the aim of making the renminbi (RMB) an international currency by 2020, the central bank governor Zhou Xiaochuan said on Tuesday. In an article ...

China is one of the world’s leading countries for cashless payment as a report in March 2020, indicated that 83 percent of transactions within are through mobile payment apps, the highest cashless ...

China this week established the first clearing center for the Chinese yuan, or RMB, in the United States. The move is seen by some as a signal China wants to take on the dollar on its home turf. But ...