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By Brian Kenety Kenya is in talks with China – the East African country’s biggest bilateral lender – to convert a ...
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.
Renminbi vs US dollar: It is no secret that China would like to convert the renminbi into an international currency and move away from the global dominance of the US dollar. While this is often ...
Chinese EV maker XPeng said Tuesday that it narrowed its losses as revenue more than doubled in the second quarter. XPeng ...
Renminbi ramps up internationalization pace 0 Comment (s) Print E-mail China Daily, August 22, 2023 ...
Offshore, renminbi centers led by Hong Kong, Singapore and London are now providing a wide range of renminbi hedging and investment products, plus access to raise capital in the "dim sum" bond ...
An update from Zhong Hua International Holdings Limited ( ($HK:1064) ) is now available. Zhong Hua International Holdings Limited has announced a ...
The renminbi is the obvious candidate to take share away from the dollar, given the size of the Chinese economy and its role in global trade. But for various reasons, the currency isn’t suited ...
Since 2009, internationalizing the renminbi has been an explicit goal of Chinese policy. Beijing therefore celebrated the renminbi’s addition to the SDR basket as evidence that it was making real ...
The Debate Over Renminbi Policy Louis Gave January 21, 2016 One of the core tenets of Gavekal’s philosophy is that we embrace open debate. Rather than concealing the diversity of our analysis ...
The renminbi is not a free floating currency like the U.S. dollar. The renminbi was pegged at 2.46 yuan for one U.S. dollar since the currency was introduced in 1948.