China is leveraging its position as the world’s largest creditor to help broaden usage of the yuan, offering overseas borrowers the chance to benefit from economically-depressed interest rates at home
Ethiopia’s plan to convert its dollar-denominated Chinese loans to yuan is a “savvy financial arbitrage play” in the view of some analysts, while others warned that the move could “complicate”
Russia is essentially sidestepping the US dollar for nearly all of its international trade, according to one of the BRICS nation’s top officials. According to a report from Russian state-run
BHP Group Chair Ross McEwan said the mining giant remained in commercial negotiations with China’s state-run iron ore buyer, noting that previous talks had taken as long as six months.
By Rhiannon Hoyle MELBOURNE, Australia--The chair and chief executive of giant miner BHP Group Thursday brushed off market concerns about protracted contract negotiations with China, saying the company continues to
The clients include exporters, importers and some investors in overseas financial assets[BEIJING] Chinese banks helped clients offload overseas currencies at the fastest pace since 2020 last month, as optimism towards
BERLIN (Reuters) -The EU's top economic official said the European Commission was considering countermeasures in response to Chinese curbs on rare earth exports, according to an interview with Handelsblatt published
Economists divided on impact of yuan internationalisation efforts - Central Banking Skip to main content End of drawer navigation content Experts offer mixed views on measures including renminbi bonds, repos
Ethiopia started talks with China to convert at least part of the $5.38 billion it owes Beijing into yuan-denominated loans, following an example set by Kenya that bolsters China’s efforts
A view of The Louis, which was launched in Shanghai earlier this year. CHINA DAILY LVMH Moet Hennessy Louis Vuitton, the world"s largest luxury goods group, has reported revenue of 58.1