- July 26th, 2024
China is posing a significant threat to the US, as it aims to replace the US dollar as the world reserve currency. The Chinese yuan is the third-largest trade financing currency and fifth-largest payment currency, with foreign investors demanding an...
Since November 17, the Chinese yuan (RMB) against the U.S. dollar (USD) has shown a strong rebound trend, with the onshore RMB-to-USD spot exchange rate rising above the 7.13 level by one point, closing at 7.1338, marking a nearly four-month...
Russia's increasing use of the Yuan indicates a need for a diverse and adaptable approach to global finance. The yuan due to the war in Ukraine and Western sanctions may undermine the US dollar, according to the European Bank for...
Dе-dollarization is a global trеnd aimеd at rеducing thе rеliancе on thе US dollar, which is currеntly thе dominant rеsеrvе currеncy. This shift is causing concеrn among еconomists, policymakеrs, and invеstors. Thе motivations bеhind dе-dollarization arе divеrsе and compеlling, with...
The Chinese economy is impressive. China maintained one of the highest economic growth rates in the world for more than a quarter of a century, helping lift more than 800 million people out of poverty in just a few decades....