RMB's value determined by market forces2019-05-30
China would rather rely on market-oriented forces to determine the renminbi's value than defend its currency by dipping into its $3 trillion foreign exchange reserves amid trade disagreements, analysts said.
BRI fuels yuan's internationalization2019-04-29
The Belt and Road Initiative (BRI) has fueled the yuan's internationalization, particularly in the past two to three years as work on related projects accelerated. In Southeast Asia where economic relations with China are closer than in other countries and regions the yuan usage is getting popular, one expert told the Global Times on Monday.
Sharp appreciation indicates bullish mood on Chinese currency2019-01-16
The Chinese currency yuan (CNY) strengthened to its best week in more than a decade as of Friday. Investors and analysts believed the U.S. Federal Reserve's cautious stance on monetary tightening and market optimism about global trade boosted the yuan while depressing the U.S. dollar (USD).
UAE, Chinese banks to enhance RMB clearing2018-12-13
Officials from the Central Bank of United Arab Emirates (CBUAE), the Central Bank of China and the Agricultural Bank of China discussed in a workshop on Wednesday to improve the Renminbi (RMB) clearing in the UAE, state-run WAM news agency reported.
Yuan internationalization making steady progress2018-12-12
The Chinese currency renminbi (RMB), or the yuan, has taken solid steps in its internationalization thanks to the country's steady efforts to further integrate into the world economy.
EBRD sees global role for the yuan2018-11-15
The European Bank for Reconstruction and Development is interested in working with the Chinese monetary authority in developing local currency lending, backed by a further improved local capital market.
Debt sale to keep RMB on even keel2018-11-01
Monetary authorities in China stepped up their efforts on Wednesday to bolster the supply and trade of renminbi in offshore markets amid sell-off concerns and growing trade friction.