China now settles nearly a third of its $6.2 trillion trade in yuan instead of dollars— up from 20% in 2022. Alarmed by the ...

The US is considering promoting global dollar adoption to counter China’s growing influence in the currency market.

BEIJING -- The People's Bank of China, the country's central bank, has renewed a bilateral currency swap agreement with the ...

China is leveraging its position as the world’s largest creditor to help broaden usage of the yuan, offering overseas ...

China and South Korea signed a bilateral currency swap and other economic cooperation agreements on Saturday, as their ...

The East African nation and fellow Brics member is the latest country to seek a switch, accelerating the yuan’s ...

Beijing’s policymakers are recasting digital money as a tool of national power. A recent study in Study Times describes ...

South Korea and China signed seven Memorandums of Understanding (MoUs) on Saturday, Yonhap News Agency reported, citing the ...

In Kenya and Ethiopia, China is using debt distress as a strategic opening to expand the RMB’s international use.

The local currency transactions made between Indonesia and Japan also reached $5 billion, Bank Indonesia says.

A Beijing court has sentenced five individuals to prison terms ranging from two to four years for operating an illegal ...