China’s yuan gains ground in international trade with room to grow, Goldman Sachs says
China-linked trade settlements in yuan grew from 13 per cent in 2019 to 30 per cent last year,…
China Increases Overseas Investment Quota by Most Since 2021
(Bloomberg) — China raised the cap on institutional investors’ overseas securities purchases by the most since 2021, aiming…
China’s Xiaomi says surging memory chip prices push up smartphone costs
By Che Pan and Brenda Goh BEIJING (Reuters) -Chinese smartphone manufacturer Xiaomi (1810.HK, XIACF) on Friday said surging…
Chinese yuan’s forex market share grows to 8.5% as global position firms: BIS survey
The Chinese yuan’s share in global foreign exchange (forex) trading climbed to 8.5 per cent this year while…