-
China takes bold step against U.S. with historic change
03 Jul 2025 20:05 GMT
… China’s yuan, crediting efforts by President Xi Jinping to establish the currency … overdependence on a single currency. European Central Bank … Treasury Holdings in total Chinese FX reserves has declined … of the yuan—also known as the renminbi—depends on …
-
Chinese tech giants continue to push for greenlight on yuan-pegged stablecoin
03 Jul 2025 14:25 GMT
… linked virtual assets. China had banned cryptocurrencies … of the yuan.
If China doesn’t … next-generation global currency dominance and hand … currency tokenization to maintain competitiveness in the digital infrastructure race.
Chinese digital yuan …
-
JD.com, Ant Group push yuan stablecoins to challenge US dollar dominance
03 Jul 2025 10:43 GMT
… Bank of China (PBOC) to greenlight Chinese yuan-based stablecoins … by offshore yuan (Chinese yuan that circulates outside mainland China) to … internet: Alchemy
Inefficient yuan payments risk dollar dominance … all major sovereign currency countries in the world …
-
A Colossus with Feet of Clay or a Future Hegemon: The Truth About China’s Economy
03 Jul 2025 08:16 GMT
… United States—meaning the Chinese economy currently represents 63 … devaluation against the US currency (if the yuan devalues) will be … bonds issued outside China and denominated in renminbi (RMB). There … greater than that of China.
China’s exports of goods …
-
China's tech giants lobby for offshore yuan stablecoin, sources say
03 Jul 2025 07:14 GMT
… yuan to help promote global use of the Chinese currency … exchange operator HashKey. Many Chinese exporters now use dollar … and the risks of currency volatility in smaller emerging … pegged cryptocurrencies. Even in China, where cryptocurrencies remain banned, …
-
Dollar Supremacy Under Threat Despite A Slowing China? 'Absolutely,' Says This Economist — Beijing Is The Largest Trading Partner For Half The World And They've 'Arrived'
03 Jul 2025 06:21 GMT
… far beyond currency peg adjustments, which he says China has been … truly break away, China wants transactions in yuan and control over … to establish the yuan as more of a currency,” he said. … that, he insists the yuan can continue gaining ground regionally …
-
China’s yuan slips as investors evaluate US trade negotiations with other countries
03 Jul 2025 06:07 GMT
SHANGHAI: China’s yuan slipped against the dollar … . Tensions remain high as China voices strong discontent over other … markets also weighed on the Chinese currency.
The CNH Hong Kong … it provides little room for yuan speculation,” Maybank analysts said …
-
Currency Rates in Pakistan Today – US Dollar, Euro, Pound, Dirham and Riyal to PKR – 3 July
03 Jul 2025 05:48 GMT
KARACHI – Currency market opened today with US … buying and Rs76.4 selling.
Currency
Symbol
Buying
Selling
US Dollar …
CAD
208.5
213.5
China Yuan
CNY
39.22
39.62 …
-
Hong Kong’s stablecoin regime takes shape as China eyes alternatives to dollar-based payments
03 Jul 2025 04:24 GMT
… stablecoin licenses in major currency jurisdictions. Ant Digital Technologies … global reserve currency system.
In this context, China’s evolving … international use of the Chinese yuan.
Hong Kong is … path to internationalize the Chinese yuan, but also reshape …
-
The world is going all-in on stablecoins. Is China’s digital yuan any different?
02 Jul 2025 09:37 GMT
… reportedly halted its digital currency pilot programme this week … reference asset, typically a fiat currency – it sent shock waves … the digital form of China’s sovereign currency. It can be … Settlements.
Unlike the digital yuan, which is entirely under …