Decline of the US dollar as dominant global currency is inevitable: economists
The global economy is inexorably moving towards a multicurrency system as China’s persistent efforts to internationalise the yuan and technological...
archiveBeijing
Wasteful investments drain China’s economy, undermine government credibility: state media
Inefficient investments continue to be a drain on the economy, and debt-laden local governments need to ensure that the projects...
Brics nations divide on US dollar replacement, with India declaring ‘no interest’
India has “absolutely no interest” in undermining the US dollar, and its fellow members of the Brics grouping of emerging...
Economists rebuke Trump’s currency claims, explain why Beijing wants yuan stable
US President Donald Trump’s latest accusation of China’s trade advantage via yuan depreciation suggests his sights are set on reducing...
Caught in the crossfire: Asian businesses brace for US-China trade war fallout
The intensifying tariff battle between the United States and China has raised concerns that businesses in Asia, particularly those integrated...
EU investments in China soar to new quarterly record of US$3.9 billion
Greenfield investments – the creation of a new company or establishment of new facilities – soared to €3.6 billion (US$3.9...
China, US locked in lose-lose tech battle whoever wins White House, experts say
The presidential race between Donald Trump and Kamala Harris comes at a time of rising geopolitical tensions on multiple fronts....
Chinese yuan use up 21.1% in cross-border trade as Beijing pushes global role for currency
Use of the Chinese currency for cross-border trade rose by more than a fifth in the first eight months as...
US House clears a largely bipartisan package of bills to counter China
WASHINGTON (AP) — The U.S. House this week approved a sweeping package of bills to counter China’s influence, shoring up...
China’s yuan hits internationalisation landmark with record share of global payments
Swift payment data is a major indicator for the relative status of international currencies. Other metrics include frequency of use...
