Petroyuan will mature in bursts of crisis
The petroyuan — oil and energy trades settled in Chinese yuan rather than US dollars — is not…
UAE officials warned they may be forced to use yuan or other currencies if they run low on dollars
The United Arab Emirates apparently dropped a hint the dollar’s dominance isn’t assured in the global oil trade…
China’s PBOC raises leverage ratios for foreign lenders to support outbound investment
Beijing has raised the limit on banks’ overseas lending – a move that analysts say will support Chinese…
China’s yuan settlements hit record, and the Iran conflict is looking like a catalyst
Rising demand for yuan settlement amid Middle East tensions is driving record transaction amounts in China’s cross-border payment…
China’s yuan may be going global faster than Western data suggests, analysts say
This could help explain the gap between Beijing’s official narrative – which describes the yuan as the world’s…
Iran war could boost China’s ‘petroyuan’ and weaken US dollar dominance, analysts say
The US-Israeli war in Iran could weaken the US dollar’s historic dominance in the oil-rich Middle East and…
As global yuan use expands, questions resurface about China’s world-leading forex reserves
A report from a leading Beijing university has revived discussions about the “optimal size” of China’s foreign exchange…
China’s financial superpower ambitions get legal backing at ‘two sessions’
In its work report delivered on Monday, the National People’s Congress Standing Committee, the country’s top legislative body,…
China fires back at currency-depreciation claims, denies using weak yuan to boost exports
Beijing has stressed that it does not intend to rely on a weaker yuan for trade gains, amid…
China’s sovereign debt is becoming a strategic alternative to US Treasuries: economist
China’s sovereign debt is emerging as a strategic alternative to US Treasuries as global investors look for geopolitical…
Fading US dollar trust threatens world economy, ex-IMF official Zhu Min warns
Dwindling global trust in the US dollar is one of the most prominent risks facing a vulnerable world…
Trade war, global instability push de-dollarisation into China’s academic mainstream
Interest in de-dollarisation has spiked in Chinese academic and policy circles, as Beijing grows increasingly wary of the…