Europe And China Diverge From The U.S. On The Future Of Money
A widening divide over the future of money: the U.S. backs regulated private competition, while Europe puts the…
Exclusive | Why Kenneth Rogoff thinks China’s yuan will be a reserve currency ‘in the next 5 years’
Professor Kenneth Rogoff of Harvard University has repeatedly warned that the US dollar is approaching a crisis of…
China adds 12 banks to digital yuan system, expanding e-CNY’s economic presence
China is set to include 12 more commercial banks under the umbrella of its central bank-backed digital currency,…
China keen to realise digital yuan ambitions amid slow uptake
More than a month after China’s central bank upgraded the digital yuan from a cash equivalent to “digital…
Scott Bessent ‘Would Not Be Surprised’ If China Was Building Digital Assets Backed By Gold
Treasury Secretary Scott Bessent told the Senate Banking Committee he “would not be surprised” if China was building…
China expands digital-yuan push to Singapore and Asean trade routes
In an effort to further promote the internationalisation of China’s currency, Beijing has pledged to expand the use…
China issues 11-point policy package to boost consumer spending amid slowing retail sales
China has announced a new policy package to boost household spending by tightening coordination between commerce and financial…
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…