China has quietly taken a bold step in its bid to expand the global footprint of its digital currency. On Thursday, the People’s Bank of China (PBOC) inaugurated an international operations centre for ...

1301 GMT – The Chinese yuan rises to its highest level against the dollar since November 2024 after the People’s Bank of China’s daily fixing allowed for more strength and as the U.S. currency falls.

China, one of the most restrictive global jurisdictions for cryptocurrencies, is reportedly considering allowing Chinese yuan-backed stablecoins in what would be a major policy reversal. Chinese ...

Chinese animated feature Nobody was number one at the local box office over the weekend, crossing the 1-billion-yuan ($138.5 million) milestone as it continues rewriting records for 2D animation in ...

Blog posts represent the views of CFR fellows and staff and not those of CFR, which takes no institutional positions. For a while now the smart take on China’s currency has been that it isn’t really ...

Forbes contributors publish independent expert analyses and insights. I write about economics, markets and policymaking throughout Asia. In his wildest dreams, Chinese leader Xi Jinping and his ...

The dollar’s extended slide has prompted China’s central bank to change tack in managing its currency, as it pivots from supporting the yuan to guarding against the risk of a rapid appreciation. The ...

Beijing may now be poised to explore its own version of the stable digital currencies as a strategic counterbalance to Washington’s stablecoin dominance. With its increasing focus on yuan ...

Chinese law firm Jia Yuan Law offices has added four corporate lawyers from Davis Polk & Wardwell, Skadden Arps Slate Meagher & Flom and A&O Shearman. Davis Polk Hong Kong counsel Jennifer Ng will ...

SHANGHAI/SINGAPORE, April 29 (Reuters) - As Chinese President Xi Jinping toured Southeast Asia this month to forge closer ties against higher U.S. tariffs, the People's Bank of China was seizing a ...

MUMBAI, April 8 (Reuters) - The Indian rupee is expected to depreciate further on Tuesday, tracking losses in the Chinese yuan after U.S. President Donald Trump threatened additional tariffs on Asia's ...

The second batch of Qianfan/Thousand Sails satellites launches on a Long March 6A rocket from Taiyuan, Oct. 15, 2024. Credit: Ourspace HELSINKI — A satellite manufacturer for China’s Thousand Sails ...