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,…
How China opened the door to creating a direct rival to US payment systems
China’s recent changes to the rules governing its global payment system could pave the way for turning it…
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 pledges full support for tech sector with broad range of new policies
China has outlined a basket of measures to support its technology sector, from creating a more flexible and…
Empty shops, falling rents: commercial property takes a hit in China retail slump
China’s shop rents have slid back to 2018 levels as subdued consumer spending continues to weigh on the…
IMF rebukes China’s model with its own credibility in tatters
As the International Monetary Fund takes China to task, the world’s “lender of last resort” is grappling with…
China expands oversight of major banks amid property sector risks
China has expanded its list of domestic systemically important banks (D-SIBs) – institutions subject to tighter regulatory standards…
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…
In the age of Trump, are ‘safe-haven’ US assets not so safe any more?
For decades, the US dollar has served as the currency of global reserve, the de facto anchor for…
As Trump urges cap on credit card rates, could China follow suit for online loans?
US President Donald Trump’s call for American credit card interest rates to be capped at 10 per cent…
China has logged a US$1 trillion trade surplus. Where is all that money going?
Recent data on China’s external accounts presents a conundrum: while the country’s trade surplus has broken records, surpassing…
China’s offshore yuan breaks major benchmark as appreciation momentum builds
China’s offshore yuan strengthened further on Thursday, dipping below the benchmark rate of seven against the US dollar…