US Dollar - Chinese Yuan

China’s Ascending Role in Global South: A Strategic Challenge to US Dollar and Global Hegemony

Over the past few decades, China has been steadily asserting itself as a key player in the "Global South," a term that has evolved from the Cold War-era Non-Aligned Movement, representing developing countries striving for autonomy from superpower influence. As...
Russian economy

Russia Looks to Strengthen BRICS Bloc with Alternative Payment System to Counter Western Sanctions

As Russia prepares to host the 16th BRICS Summit in Kazan from October 22 to 24, President Vladimir Putin is pushing an ambitious agenda aimed at reshaping the global financial system. Central to these efforts is a proposal to establish...
US dollar

Dollar Extends Gains Amid Asia Trading, Overshadowing China’s Weekend Stimulus Announcements

In early Monday trades in Asia, the U.S. dollar extended its recent gains, continuing a trend that has been largely driven by market skepticism about further aggressive rate cuts from the Federal Reserve and disappointment over China’s lackluster weekend stimulus...
US Dollar Chinese yuan

China’s Economic Rise: A Paradigm Shift in Global Order

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...
Chinese yuan- US dollar

Ukraine war makes Chinese yuan global currency

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....