Shanghai - In China's commercial hub Shanghai, six big state banks are quietly promoting digital yuan ahead of a May 5 shopping festival, carrying out a political mandate to provide consumers with a ...

The post-COVID economic recovery in China weakened in Q2, which has forced the Chinese government to deploy a fresh stimulus package to assist the economy. The U.S. dollar has been gaining against the ...

Chinese traders are pulling back from the dollar, helping ease a shortage that has rattled the banking system and setting the yuan up for further gains. The dollar’s premium over the yuan, as ...

Investing.com - UBS has issued a new forecast for the USD/CNY exchange rate, projecting the Chinese yuan will strengthen approximately 3% against the U.S. dollar over the next 12 months. The Swiss ...

The renminbi remained under pressure last week after the US imposed new tariffs on Chinese goods, risking a prolonged trade ...

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Barclays analysts said there is potential for continued dollar weakness if China’s fiscal stimulus becomes a CNY10T package. Barclays analysts believe that the initial announcement of the China’s ...

For the last few years, China’s central bank has been trying to ramp up the adoption of digital yuan, or e-CNY, which forms part of the country’s monetary base, M0. The bank has a designated app for e ...

When visiting China, tourists are greeted with a vibrant culture and a myriad of payment options. However, one must note that direct payment with US dollars is not feasible. To navigate this, ...