Return of USD strength in the near term is likely to be the dominant factor impacting IDR in the near term. Although Indonesia is relatively less exposed to US tariff risk, escalation of tariff talks ...

The renminbi traded at 7.3000 on Tuesday morning, its lowest level since November 2023. It has dropped in the last 13 consecutive weeks and is slowly approaching its lowest level on record.

Li Auto's (LI) fourth-quarter earnings fell year over year but revenue came in above market estimates, while the Chinese electric vehicle maker expects its sales to decline annually in the ongoing ...

But among the currencies of the six largest economies in the world, China’s renminbi is the only one that is not traded easily and accepted worldwide—that is, it is not a hard currency. China’s ...

The Renminbi, China’s legal currency, is issued and controlled solely by the People’s Bank of China. The exchange rates of the Renminbi are decided by the People’s Bank of China and issued ...

Campanella, Edoardo, and Meg Rithmire. "What Future for the Renminbi in the Global Monetary System?" Chap. 7 in U.S.-China Relations for the 2030s: Toward a Realistic Scenario for Coexistence, edited ...

Beijing has raised its budget deficit target to "around 4 percent" of GDP from last year's 3 percent, the highest increase ...

The Secretary for Financial Services and the Treasury, Christopher Hui, says the administration is working to make renminbi trading more convenient in the SAR. In last year’s Policy Address ...

Outstanding renminbi loans in the Hong Kong market reached 724 billion yuan ($99.32 billion) by the end of 2024, marking a 64 percent surge from 2023, the Hong Kong Monetary Authority said ...

The yen and pound account for 5.5% and 4.9%, respectively, while the balance is spread across the renminbi and Canadian and Australian dollars, each with shares of 2-3%. In the early 2000s ...

The UK Treasury said in January that China “will issue an inaugural renminbi-denominated sovereign green bond in 2025 . . . listed in London, the first in a programme of Chinese green sovereign ...