The renminbi has weakened despite the PBoC keeping its currency fix — an official daily exchange rate around which renminbi ...
Trump’s re-election has significantly impacted China’s currency. Trump’s threat of tariffs and China’s weak economy has led ...
The USD/CNY exchange rate continued rising, reaching its highest level since September 2023. It rose to a high of 7.3315 this ...
China’s equities and currency extended losses on Monday after a rocky start to the year, as weak economic data and ...
But among the currencies of the six largest economies in the world, China’s renminbi is the only one that is not traded easily and accepted worldwide—that is, it is not a hard currency. China’s ...
Campanella, Edoardo, and Meg Rithmire. "What Future for the Renminbi in the Global Monetary System?" Chap. 7 in U.S.-China Relations for the 2030s: Toward a Realistic Scenario for Coexistence, edited ...
The People’s Bank of China will issue central bank bills in Hong Kong next week, a tool that is typically used to stabilize ...
CHINESE firms from carmakers to miners are ramping up their overseas spending, adding to pressure on the renminbi amid an accompanying exodus of foreign capital. Chinese non-financial companies ...
China's renminbi hit a 16-month low amid fears of US tariffs under Trump, despite the PBoC maintaining steady daily rates.
The People's Bank of China, the central bank, announced on Friday that it will suspend open market treasury bonds purchase ...