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.…
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…
China pledges support for trading of treasury bond futures in Hong Kong
China will double down on its support for Hong Kong as a global hub for the offshore yuan,…
China to raise power prices for energy-intensive sectors in green transition push
Beijing plans to increase electricity prices on nine energy-intensive sectors in a move to speed up the green…
China’s investment-driven role in global growth is underestimated, study says
China’s contribution to global growth is underestimated while the yuan is positioned to emerge as a fundamentally strong…
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…
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…
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…
China’s plan to internationalise yuan quietly takes a step forward as Zambia gets on board
As of January, Zambia has begun collecting taxes and royalties from Chinese mining firms in yuan, and will…