But now he sees a new force emerging - a payment system created by the Chinese state and known as Digital Currency Electronic Payment (DCEP). It's really a digital version of China's official ...

The economy suggests a weaker yuan. But the prospect of capital flight makes Beijing wary of allowing any sudden depreciation ...

China's currency has weakened to its lowest point in more than a decade, prompting the US to label Beijing a currency manipulator. The US move came on Monday, after the currency fell below 7 yuan ...

one figure in the spotlight is the adequacy of China's foreign currency reserves. Since the government owns nearly all the banks, the Chinese government is essentially on the hook for the debts of ...

The People’s Bank of China emphasized its goal to keep the yuan stable, as the currency hovers near a record low in offshore ...

China’s yuan (RMB) is the first new currency to join the list since the euro was launched, and represents a significant moment in the development of China as a global economic power. The US dollar, ...