Xi Jinping has called for the renminbi to become a global reserve currency, in some of his clearest comments on his ambitions ...

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.

Xi Jinping says the goal of becoming an international powerhouse is a long-term one and will rest on core foundations.

China wants a slow, managed move in its currency. The market—and China’s trading partners—may not be as patient.

Over 60% of foreign bank reserves are denominated in dollars. China's digital RMB could challenge the world's currency ...

By David Lawder WASHINGTON, Jan 29 (Reuters) - The U.S. Treasury said on Thursday it was strengthening scrutiny of countries' ...

On Saturday, Chinese President Xi Jinping made it public: he wants the renminbi, China’s currency, to replace the dollar as the global reserve currency. But is this even possible?

The technology allows the authorities to not only track where money is going, but also programme how it flows. Read more at ...

China is reportedly considering allowing the usage of yuan-backed stablecoins for the first time to boost wider adoption of its currency globally, in a major reversal of its stance towards digital ...

Washington says it could still designate Beijing in future if evidence found that it limits currency's strength The United ...

(Reuters) -China is considering allowing the usage of yuan-backed stablecoins for the first time to boost wider adoption of its currency globally, sources familiar with the matter said, in a major ...

On the 1st, the central banks of South Korea and China renewed a 5-year, 70 trillion won (400 billion yuan) ‘won-yuan currency swap agreement’ during the first Korea-China summit. The presidential ...