Yuan
How does China internationalise the yuan?
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Promoting the localization of the yuan has been on China's agenda for many years.
Weak USD vs Chinese currency in Russia
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The Chinese yuan has surpassed the USD on the Russian exchange.
Record withdrawal from China amid the Ukraine war
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Global investors withdrew capital from China on an unprecedented scale since Russia launched its military campaign in Ukraine.
Saudi Arabia considers selling oil to China in yuan
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Saudi Arabia is considering selling oil to China in yuan after positive negotiations between the two sides.
Banned from USD, Russia raises yuan deposit interest rates to record level
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Russian banks are mobilizing yuan deposits to replace the US dollar and euro amid Western sanctions over the war in Ukraine.
Avoiding bankruptcy, Evergrande seeks to negotiate with bondholders
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Evergrande announced that it will settle domestic bond interest payments. The Chinese central bank has also injected a huge amount of cash into the banking system to ease concerns about this mountain of debt.
Foreign exchange rate 26.5: yuan plummets, USD anchors high
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The foreign exchange rate today (May 26) fluctuated slightly. The yuan is depreciating as the US-China trade war escalates. Experts are concerned that China could sell a large amount of its Treasury reserves and see this as a negotiation strategy against the United States.