Overseas holdings climbed to 11.3 trillion yuan as the currency approached a four-year high against the dollar
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The yuan’s steady climb toward a four-year high is drawing more foreign money into Chinese assets and strengthening Beijing’s push to expand the currency’s global use.
China’s currency reached its strongest level since early 2023 as exporters and global investors diversify holdings amid…
PBOC says cross-border yuan use continues to expand as Beijing pushes currency internationalization through trade settlement,…
The onshore yuan opened above 6.75 per U.S. dollar on Thursday, supported by cooling U.S. inflation data and solid domestic trade…
As the Chinese currency hits a three-year high against the dollar, analysts predict further gains. But the central bank is…
Currency’s 4.2% rebound signals shift in investor outlook as property drag fades
While a stronger Chinese currency could cool trade frictions and boost consumer buying power, economists argue the real economic…
