Showing 1 - 10 of 1,730
Chinese yuan strengthens in August
Xinhua News Agency, Published on 07/09/2023
» BEIJING: Chinese yuan strengthened against a basket of currencies in August, according to the China Foreign Exchange Trade System (CFETS).
China ramps up global yuan push
News, Samuel Shen & Tom Westbrook, Published on 03/05/2025
» As Chinese President Xi Jinping toured Southeast Asia last month to forge closer ties against higher US tariffs, the People's Bank of China (PBOC) was seizing a moment of confusion and disruption in global trade to promote greater usage of the yuan.
Yuan won't outrank dollar anytime soon
Oped, Chartchai Parasuk, Published on 07/04/2022
» The issue of the Chinese yuan as a premier international currency has been around for quite some time. Right now, only 3% of international trade transaction is conducted in yuan and, correspondingly, central banks around the world keep only 3% of their international reserves in Yuan. To most, this is quite puzzling as China is the world's second-largest economy with a GDP portion of 13.04% of world GDP and is the world's largest exporter with a global market share of 14.7%.
China gears up for yuan defence
Reuters, Published on 29/09/2022
» China’s central bank has asked major state-owned banks to be prepared to sell dollars for the local unit in offshore markets as it steps up efforts to stem the descent of the yuan, four sources with knowledge of the matter said.
Banks eye yuan-baht trade payments
Business, Somruedi Banchongduang, Published on 27/04/2023
» The Bank of Thailand is in discussions with China's central bank over supporting the use of yuan-baht settlement to mitigate foreign exchange risk amid ongoing US dollar volatility.
China stabilising the yuan is weirdly remarkable
News, Daniel Moss, Published on 05/07/2018
» Trade conflicts may not be as easy to win as Donald Trump asserts. His principal target, China, is the victor in the war of public relations.
China seeks more yuan use in Asean
Reuters, Published on 11/01/2019
» SHANGHAI: China has published a five-year blueprint that seeks greater economic and financial integration between southern Guangxi province and Southeast Asia, representing Beijing’s latest effort to promote international use of the yuan.
Young pretenders Varadan and Yuan take spotlight
Sports, Published on 17/02/2024
» Kuala lumpur: Young Malaysian rookie Khavish Varadan continued his dream debut in the US$1million Malaysian Open yesterday by taking a share of the halfway lead with Australian Kevin Yuan.
Yuan jumps to fifth most traded currency
Bloomberg News, Published on 27/10/2022
» The Chinese yuan has leaped over the Australian, Canadian and Swiss currencies to become the fifth most traded currency in the world, according to the Bank for International Settlements (BIS).
BoT mulls easing yuan-baht trade payment
Business, Somruedi Banchongduang, Published on 12/05/2023
» The Bank of Thailand plans to relax rules for yuan-baht trade payment supporting local currency settlement, reducing reliance on the US dollar.