The Chinese yuan, which touts itself as a challenger to the US dollar, is nowhere close to becoming the world’s reserve currency. The global foreign exchange reserves in the yuan…
China’s stock ETF inflows actually surged to 8.7 billion yuan ($1.2 billion) last week, and this marked the first net inflows in nine weeks for Shanghai Shenzhen markets. Chinese retail…
The US dollar value is tumbling further as global demand for the USD continues to plunge even more. As the American currency continues to project a wobbly price stance, nations…
Crude oil trade between Russia and China has reached record levels, reaching their highest point, defying US tariffs and sanctions. According to the latest data from the Chinese General Administration…
China is pushing the Chinese yuan to become a BRICS reserve currency, challenging the US dollar in global trade. While Russia and Brazil heavily use the yuan for oil and…
China, one of the most restrictive global jurisdictions for cryptocurrencies, is reportedly considering allowing Chinese yuan-backed stablecoins in what would be a major policy reversal.Chinese authorities may authorize yuan-backed stablecoins…
China is offering BRICS members and other developing countries to avail loans in the Chinese yuan (RMB) with interest subsidies. The Communist country is looking to internationalize the local currency…
The trading dynamics around the world have been constantly changing, with anti-dollar forces doubling at a rapid pace. A new report by the banking giant DBS states that the dollar’s…
In a landmark move, BRICS member China pushed the Chinese yuan for a loan of 14.2 billion yuan, equivalent to $1.98 billion, to Australia’s metals giant Fortescue. The deal was…
The world is now witnessing a sharp change with the US dollar being sidestepped and overshadowed by local currencies. The majority of the countries are now strengthening their commitment to…