Open Questions | US economist Barry Eichengreen on reality of de-dollarisation and next currency reshuffle
Barry Eichengreen is a leading American economist and one of the world’s foremost experts on international monetary systems.…
Opinion | Deutsche Bank’s yuan mandate boosts Chinese currency’s global reach
The People’s Bank of China (PBOC) authorising Deutsche Bank to serve as a renminbi clearing bank in Frankfurt…
Germans emerge as Europe’s biggest China hawks as economic pain begins to bite
Germans have emerged as some of Europe’s most hawkish voters on China, more likely to consider Beijing as…
China’s trade surplus narrows in July as exports hold firm in strong tech cycle
China’s exports continued to post solid growth in July, maintaining momentum despite mounting geopolitical and trade headwinds. The…
Editorial | China’s drive to sidestep weaponised Western finance gains speed
International markets might be the ultimate arbiter of the yuan’s success as a global currency, but Beijing has…
As EU’s China trade deficit widens, Germany changes tack to join France’s Beijing pushback
Facing Europe’s ever-widening trade deficit with Beijing, Berlin is increasingly singing the same tune as Paris. The two…
China eyes broader global access to yuan assets, as panda bond demand surges
Officials from China’s central bank have pledged to introduce further measures to make it easier for global investors…
European companies ‘becoming more reliant on China, not less’, EU chamber chief says
Europe’s push to reduce its dependence on China is driving many of its companies deeper into Chinese supply…
Exclusive | Economist Richard Koo on China and Japan’s shared ‘battle against time’
Nomura Research Institute chief economist Richard Koo is well-known for his “balance sheet recession” interpretation of Japan’s economic…
China’s central bank sets weaker yuan midpoint against US dollar for third day
The People’s Bank of China set the yuan’s midpoint rate – which guides onshore market trading within a…
China’s yuan hits 3-year high as global banks issue bullish forecasts
China’s central bank has set the yuan’s daily reference rate against the US dollar at its strongest level…
The Central Bank of China reinforces its commitment to accelerate the use of the yuan in international trade and creates its own transaction infrastructure called CIPS. The goal is not to compete with the dollar, but to offer an alternative to other countries.
China does not hide its ambition to make the yuan a global reference currency. The Chinese Central Bank…