The yuan may see further gains past 7 against the dollar, according to a top Chinese economist, as debate grows among market participants over whether Beijing will allow it to
FILE PHOTO: Various kinds of North Korean cigarettes. (Daily NK) A sweeping Chinese crackdown on cigarette smuggling has brought North Korean companies’ lucrative tobacco operations to a virtual standstill, forcing
The conflict on cryptocurrency is no longer merely regulatory; it is philosophicalGeopolitics has revived the “crypto wars” of the 1990s, yet today the struggle is continental rather than computational. On
China is warning foreign companies against stockpiling rare earths or risk even greater shortages, the Financial Times reported on Friday. This statement came after Beijing tightly controls supplies of the
(MENAFN) The Chinese currency renminbi, also known as the yuan, appreciated slightly against the U.S. dollar on Thursday, with the central parity rate rising by 13 pips to 7.1337, according
China has passed another milestone in its efforts to promote the global use of its currency, with the Australian metals giant Fortescue agreeing to borrow a record 14.2 billion yuan
In the decade since China shocked the world with a surprise devaluation of the yuan, the nation’s exchange-rate regime has steadily shifted towards market-based – yet still managed – pricing,
If some of the less trustworthy corners of the internet were to be believed, China took a fairly drastic step against cryptocurrencies last weekend by banning them.As it turns out,
Chinese authorities told local firms to stop publishing research or holding seminars related to stablecoins, according to a Friday report from Bloomberg.Chinese financial regulators reportedly instructed local brokers and other
[BEIJING] China told local brokers and other bodies to stop publishing research or hold seminars to promote stablecoins, seeking to rein in the asset class to avoid instability.
Some leading brokerages