On Saturday, Chinese President Xi Jinping made it public: he wants the renminbi, China’s currency, to become a “powerful currency” that ultimately replaces the dollar as the global reserve currency – ...

BANGKOK — China has been expanding use of digital currencies as it promotes wider use of its yuan, or renminbi, to reflect its status as the world’s second-largest economy and challenge the ...

Europe and China favour state-led digital money; the U.S. backs private competition. The divide may decide whether dollars or ...

What changes when China’s leader finally states a reserve currency ambition explicitly? Xi Jinping has now done so, calling for the renminbi to attain global reserve currency status, not in a speech ...

Foreign governments, Wall Street banks and multinational companies are flocking to China's panda bond market.

During the sixth session of the U.S.—China Strategic and Economic Dialogue (S&ED), held in Beijing from July 9 – 10, 2014, the United States urged China to help support the global economy by making ...

If you need to send money to China from the UK, whether it’s to family or to a business, you’ll have several options. But it’s important to note that rules and restrictions are tighter on some types ...

China promised a better balance of payments report. What it delivered instead is a set of implausible numbers that deserve a ...