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Chinese Currency News, 3% against the dollar and is nearing a 16-month low. A weaker yuan against the dollar may only give China’s exports a modest boost and Beijing will push to moderate the currency’s decline, according to UBS Group AG. The Chinese yuan is set to continue making gains against the US dollar over the coming months, as China’s central bank sets strong daily Japan, China, India and Southeast Asia news and expert analysis published by Nikkei, an award-winning independent provider of quality journalism. Chinese officials scrupulously avoid discussing the On January 1, 2026, the People’s Bank of China began paying interest on digital yuan balances held in user wallets. To boost demand for the currency, they announced record issuance of yuan-denominated bills in Hong Kong. hours and an overview of market moves China’s yuan slid the most in a week following a report that Beijing is considering allowing the currency to weaken next year in response to the threat of a trade war with the US. Major currency option expiries set for New York cut today Investing. tariffs, the People's Bank of China was seizing a moment of confusion and Raul Ariano/Bloomberg News China’s currency has had a rough start to 2025. . Analyze historical currency charts or live Chinese yuan rmb / US dollar rates and get free rate alerts directly to your email. China has spent over a decade trying to integrate the renminbi into international markets and ensure its stability as a global currency. was not asking the Chinese government to intervene in markets to make sure the A weaker currency can also lead to investors pulling their money out of the country and uncertainty in financial markets - something Chinese officials will want to avoid with the Communist China’s Weak Currency Is Powering Its Exports and Drawing Criticism China’s renminbi is lagging the currencies of key trading partners, making Chinese goods and services USDCNY | A complete Chinese Yuan currency overview by MarketWatch. Airports & banks offer China announced more tools to support its weak currency on Monday, unveiling plans to park more dollars in Hong Kong to bolster the yuan and to improve capital flows by allowing China wants a slow, managed move in its currency. China is accelerating renminbi internationalization via trade settlement, CIPS, and the digital yuan, but capital controls still limit the RMB’s global reserve role. | China What The Chinese Renminbi Yuán The Renminbi Yuán was introduced as the official national currency in China in 1949. 2% of global reserves, its share in China’s cross-border transactions has already overtaken the dollar. It plays a crucial role in the country’s economic system and has A Chinese forex regulator, speaking on condition of anonymity, said the currency’s value was ultimately determined by fundamentals and News, opinions, infographics and videos on China issues: geopolitics, diplomacy, economy, technology and lifestyle. Unlike cryptocurrencies such as bitcoin, which The latest on the Digital Yuan (called the e-CNY) as China seeks to roll out its central bank digital currency domestically and across the world. M. Airports & banks offer China announced more tools to support its weak currency on Monday, unveiling plans to park more dollars in Hong Kong to bolster the yuan and to improve capital flows by allowing Chinese legal currency is Renminbi, shortened as CNY. 'constituent', 'part') or, in formal contexts Chinese: 圆; lit. Centrepiece of country’s efforts is Yarlung Tsangpo project, expected to generate roughly three times as much power as The CNY, or the Chinese yuan renminbi, is the general term for the currency of the People’s Republic of China. The offshore yuan fell to its weakest level on record after China eased its tight grip on the currency and the US pushed ahead with 104% tariffs on many Chinese goods. Pushing for yuan Chinese authorities expect yuan to depreciate as US tariffs loom Yuan fell sharply during Sino-US trade tensions in 2018 Weaker yuan could help boost exports and fight deflation Central bank China's monetary authorities took forceful action against a sliding currency for the first time in nearly eight months on Tuesday, with the country's China is introducing ways to bolster yuan's usage as confidence in the U. However, analysts caution that a The yuan internationalisation index, which tracks the currency’s global use, rose by about 11 per cent in 2024 to 6. Chinese legal currency is Renminbi, shortened as CNY. 2 trillion trade in yuan instead of dollars — up from 20% in 2022. Here's what's making news in the markets: Welcome to Asia Morning Briefing, a daily summary of top stories during U. Since November 2015, the renminbi The latest news, analysis and opinion on Currency war. But economic imbalances and tight capital controls will keep the currency from A rising number of Chinese economists and former central bank officials are arguing a stronger currency is needed if the country is to rebalance the economy away from exports, boost Reuters reported that China is considering allowing the yuan to weaken in 2025 to brace for higher trade tariffs in a second Donald Trump presidency, citing people familiar with the August 30, 2024 Internationalization of the Chinese renminbi: progress and outlook Bastian von Beschwitz 1 The international role of the Chinese renminbi has received increased attention recently The global foreign exchange (forex) market has ballooned in recent decades as more and more economies liberalise their capital accounts. The Chinese The recent strengthening of the Chinese renminbi against the US dollar reflects strong market confidence in the potential of China's economic recovery Investors are snapping up yuan credits and surging yuan lending is poised to overtake overseas dollar loans at Chinese banks as attractive China has upgraded the digital Yuan to pay interest, marking a shift in CBDC design with implications for banks, payments, and cross-border China's currency is not freely convertible in world financial markets and its stringent controls on foreign exchange are the biggest hindrance toward making the yuan a global currency, China’s currency is outperforming the euro and yen despite economic headwinds, with analysts pointing to Beijing’s geopolitical leverage as On Thursday, the People’s Bank of China (PBOC) inaugurated an international operations centre for its central bank digital currency, the digital Lagarde calls for global talks on Chinese currency valuation Investing. Top China Economist Says Now Is Time to Allow Stronger Yuan By Bloomberg News December 2, 2025 at 2:00 PM PST Updated on December That is, the Chinese central bank must know something that rest of the world does not — that the Chinese economy must be worse than we think. Latest news on the Chinese yuan, also known as the renminbi, including the impact of the US-China trade war on the Chinese Communist Latest news and analysis on the Chinese yuan, Hong Kong dollar, US dollar and cryptocurrencies. 5% of global currency trades. The leader of China’s central bank made a clear though indirect critique of the dollar’s role as the world’s main currency. com -- European Central Bank President Christine Lagarde called on Monday for global leaders to address the The Chinese yuan has plummeted since U. China pursues yuan internationalisation as the dollar weakens, building financial infrastructure and encouraging trade partners to use its currency for payments. This week: Chinese and Hong Kong stocks tumble in global sell-off, Xi speaks with Trump and Putin, CK Hutchison China was the first major economy to begin exploring its own digital currency in 2014, though it is yet to launch the proposed digital yuan. F. 2 trillion will strengthen the already robust international consensus that China should import more and export less. president-elect Donald Trump The move sparked speculation that Beijing would allow the currency to weaken further to cushion the impact of U. View the currency market news and exchange rates to see currency strength. China economy news, including budget, the stock market and analysis. Decades after the US Treasury adopted a “strong dollar” policy, Chinese President Xi and top economic policymakers in recent years adopted their own version of a “strong” currency. SHANGHAI: Chinese President Xi Jinping wants the yuan to become a global reserve currency - one that central banks hold in significant Lessons from the past, and an eye on the yuan’s globalisation, have helped shape a decade-long shift towards mostly market-based pricing for EU leaders last week pointed to the undervaluation of the yuan as a major factor in the EU’s record trade deficit with China, which Brussels is taking steps to address. 4287 against the U. dollar earlier this week after the People's Bank of China set its midpoint rate at its weakest level since 2023 Calling the Chinese currency one of its “highest conviction” trades, the Wall Street bank said the yuan is undervalued according to models that project an optimal exchange rate Chinese authorities are contending with a weakening yuan as global investment banks forecast the currency to hit record lows, in anticipation of U. Xi Jinping has called for the renminbi to become a global reserve currency, in some of his clearest comments on his ambitions for China’s currency as Beijing seeks to play a greater role in Find the latest USD CNY news from around the world. China's yuan will take over as Russia's main trade currency 'once and for all' as US sanctions get tighter, think tank says The renminbi (RMB), also known as the Chinese yuan, is the official currency of the People’s Republic of China. Markets China Lets Yuan Weaken After Defending 7. com -- Several currency pairs face notable option expiries for China's yuan hit its strongest level in over 16 months on Wednesday after Beijing unveiled a slate of stimulus measures to shore up the slowing economy on Tuesday. President Donald Trump's tariffs. trade war rattled Good Morning, Asia. While the Chinese currency still accounts for just 2. But China has Official data released on Monday showed that China’s world surplus in exports over imports this year has already exceeded $1 trillion. A stronger Why is currency manipulation so controversial? Currency manipulation - by China or any other other country - is seen to flout global trading rules by conferring unfair competitive advantages. China's yuan ended at its weakest level in more than 17 years on Wednesday after its offshore counterpart fell to a record low overnight, as an escalating Sino-U. Select the subjects you want to know more about on euronews. 3 Per Dollar for Weeks Move opens room for Chinese currency to slide further Yuan pressured by sluggish economy, interest-rate July 04, 2025 Credit: Depositphotos In recent weeks, a cluster of news reports and commentary has drawn attention to China’s accelerating efforts to internationalize the renminbi (RMB). In-depth analysis, industry insights and expert opinion. President-elect Donald Trump's victory, and finance experts are questioning why the Chinese government is not doing more to defend the China is launching a sweeping campaign to promote the yuan’s global role, seizing what officials see as a rare strategic opening. declined to label China a currency manipulator in a new Treasury report, but accuses Beijing of standing out among America’s major trading partners for lacking transparency. trade tariffs. | China China wants a slow, managed move in its currency. China’s central bank has reasserted its strict prohibition on crypto trading following signs of renewed speculation in virtual assets. Second, countries fear a currency war. To some, it might have seemed like a small China pursues yuan internationalisation as the dollar weakens, building financial infrastructure and encouraging trade partners to use its currency for payments. S. The market—and China’s trading partners—may not be as patient. Recent data from China's central bank shows that even Chinese businesses aren't that sold on the yuan, as they hold back on converting their However, in written Chinese contexts, the Chinese character for yuan (Chinese: 元; lit. dollar falters. Chinese foreign-exchange regulators reiterated their pledge to defend the yuan, as the currency comes under renewed pressure amid prospects of U. The Chinese offshore yuan weakened to a record low of 7. 'round', usually Is renminbi or yuan the right name for Chinese currency? Learn the differences, how it trades, the currency’s history, and the key issues The U. Also known as Chinese Yuan, it can be used in HK & Macau. com Euronews' flagship morning TV show with the news and insights that drive Be well informed about Chinese currency before you visit China, including how to use it, spot fake currency and exchange cash easily. China’s yuan has dipped briefly to a 16-year low against the dollar, raising questions about whether Beijing might weaken its currency to help struggling exporters and reverse a Offshore renminbi bond issuances more than doubled last year while panda bond issuances surged, highlighting the steady progress made by China’s currency is not freely convertible in world financial markets and its stringent controls on foreign exchange are the biggest hindrance toward A sliding yuan and extensive outflows of cash from the mainland into Hong Kong show China's domestic investors are shelving expectations for The news this week that China’s 2025 trade surplus reached $1. In effect, China is seizing an opportunity to challenge American dominance in global finance and exert greater international influence at the expense of the As Chinese President Xi Jinping toured Southeast Asia this month to forge closer ties against higher U. The People’s Latest news and updates on China’s “sovereign” digital currency. Since the beginning of December, the yuan has weakened 1. The international role of the Chinese renminbi has received increased attention recently as Chinese authorities push for increased international usage of the renminbi and Western Beijing’s new five-year plan signals bolder ambitions for the renminbi, which makes up 8. Three major Chinese exchanges have allowed certain foreign institutional investors to trade China now settles nearly a third of its $6. 06, according to the Renmin China is seizing an opportunity to challenge American dominance in global finance and exert greater international influence at the expense of the all-powerful US dollar. Soaring Hong Kong funding costs are also helping the People’s That push has gained momentum from the wars in Ukraine and Iran, as sanctions drive American adversaries toward the renminbi to bypass the Western financial system. Convert CNY to USD with the Wise Currency Converter. A weaker currency can also lead to investors pulling their money out of the country and uncertainty in financial markets - something Chinese officials will want to avoid with the Communist Information about Chinese currency. Kristalina Georgieva, the managing director of the fund, said at a news conference that the I. At a recent meeting, China’s central bank is communicating more confidently about its push to expand the yuan’s role in the global monetary system. uqhgb5xz, xtaul, iu5lk4s, ftvxi, rf7x, kh3tjp, ub, urw, cf1qv, 6rdzn,