China will allow banks to pay interest on digital yuan wallets from 2026, expanding CBDC functions, boosting adoption, and reinforcing central bank control.China’s central bank has unveiled a major update
China will on January 1 launch an “action plan” for boosting management and operations of its digital currency, a deputy governor of the country’s central bank said Monday. “The
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.China has fixed the renminbi at its strongest level against the dollar
(Bloomberg) -- China vowed to prevent the yuan’s exchange rate from overshooting, sending yet another clear signal of its intention to slow the currency’s appreciation. The People’s Bank of China
China is stepping up efforts to internationalize its currency by expanding the use of its digital yuan, including through a cross-border payment pilot with Singapore. The announcement was made Wednesday
China’s surplus rose 22.1% in Jan–Nov, prompting renewed questions as to whether renminbi is undervaluedForeign exchange reserves have started increasing on the back of recent loans by the AIIB, World
New Delhi: Countries that are switching to currency conversions and swap agreements in Chinese yuan for apparent short-term relief on interest rates are headed for trouble in long-term, as they
In a year dominated by US President Donald Trump’s tariff war, a blizzard of tit-for-tat levies and stop-start trade negotiations, China’s $1tn surplus has made clear that it remains an
China should allow its currency to strengthen and rely more on domestic consumer spending instead of ever-rising exports, International Monetary Fund officials said on Wednesday in Beijing at the end
Stay informed with free updatesSimply sign up to the Chinese economy myFT Digest -- delivered directly to your inbox.IMF managing director Kristalina Georgieva has said that China needs to fix