Beijing has stressed that it does not intend to rely on a weaker yuan for trade gains, amid a recent rally in the currency and mounting pressure from trade partners
The yuan pushed higher on Tuesday after China’s central bank delivered a stronger-than-expected reference rate, suggesting policymakers were content with continued appreciation before the National People’s Congress.In domestic trading, the
Published Sun, Mar 1, 2026 · 10:00 AM[HONG KONG] China’s renminbi is surging against the US dollar, boosted by booming exports and aided by falling US interest rates and the
Stay informed with free updatesSimply sign up to the Currencies myFT Digest -- delivered directly to your inbox.China’s central bank has moved to slow the renminbi’s advance as its rapid
What changes when China’s leader finally states a reserve currency ambition explicitly? Xi Jinping has now done so, calling for the renminbi to attain global reserve currency status, not in a
Investing.com - The is "undervalued and highly competitive," giving Beijing the ability to let the currency appreciate while still remaining an export-driven powerhouse, according to analysts at BCA Research. Prior to
Key Takeaways The People's Bank of China (PBOC), which is part of the centralized government, controls the money supply in China.Because of its unique export-dependent economic system, China's money supply
President Xi Jinping has set his sights on a "powerful" currency befitting China's growing stature on the world stage, one that could challenge if not erode the U.S. dollar's decades-long
Next steps will be incremental, experts said.“The Chinese government is more likely to focus on expanding currency swap arrangements with trading partners and increasing the use of yuan in trade
1. When did China ban Cryptocurrency?China officially declared all Cryptocurrency transactions illegal in September 2021 and has tightened restrictions further in 2026.2. Is Bitcoin legal in China?Bitcoin is not legal