Tag: Internationalization of Chinese yuan

Devaluation of Chinese Yuan an Unexpected Result of Beijing’s Effort to Take Yuan Global

July 6, 2023
Business & MarketsChina Business & EconomyChina Newsdevaluation of RMBeconomic policiesInternationalization of Chinese yuan
0 Comment

The value of the Chinese yuan has been declining continuously in recent months after the country’s reopening from COVID lockdowns, and the Central Bank of China during its Q2 meeting dropped any reference to “enhancing the flexibility of the Chinese yuan exchange rate.”  According to a financial expert, the Chinese regime is currently in a…

Read More

China’s ‘De-dollarization’ Efforts Are Part of a Strategy to Corner World Energy Markets

April 4, 2023
Business & MarketsChinaCompaniesDe-Dollarizationeconomic policiesenergyGold and CommoditiesinflationInternationalization of Chinese yuanMarketsOPEC oilreserve currencyUS
0 Comment

A longstanding plan by China and Russia to replace the U.S. dollar as the world’s reserve currency has had a string of recent headline-grabbing successes, as China methodically builds a rival monetary system that has been dubbed “Bretton Woods III.” This currency initiative is the financial component of China’s strategy to gain influence over global…

Read More

China’s ‘De-Dollarization’ Efforts Are Part of Strategy to Corner World Energy Markets

April 4, 2023
Business & MarketsChinaDe-Dollarizationeconomic policiesenergyGold and CommoditiesinflationInternationalization of Chinese yuanMarketsOPEC oilreserve currencyUS
0 Comment

News Analysis A longstanding plan by China and Russia to replace the U.S. dollar as the world’s reserve currency has had a string of recent headline-grabbing successes, as China methodically builds a rival monetary system that has been dubbed “Bretton Woods III.” This currency initiative is the financial component of the Beijing regime’s strategy to…

Read More

China Seeks to Dethrone Dollar to Corner World Energy Markets

April 4, 2023
Business & MarketsChinaDe-Dollarizationeconomic policiesenergyGold and CommoditiesinflationInternationalization of Chinese yuanMarketsOPEC oilreserve currencyUS
0 Comment

News Analysis A longstanding plan by China and Russia to replace the U.S. dollar as the world’s reserve currency has had a string of recent headline-grabbing successes, as China methodically builds a rival monetary system that has been dubbed “Bretton Woods III.” This currency initiative is the financial component of the Beijing regime’s strategy to…

Read More

Making (Some) Sense Out of Beijing’s Financial Positions

September 27, 2021
AnalysisChinaChina Business & EconomyChina's ambitionInternationalization of Chinese yuanOpinionThinking About China
0 Comment

Analysis So much of policy coming out of Beijing these days seems contradictory, especially where financial matters are concerned. On the one side, China’s leadership has all but shut down avenues for the country’s businesses to procure foreign capital, in particular any ability of Chinese firms to float public offerings in the United States. But…

Read More

The Internationalization of Chinese Yuan Is Slow Going

September 1, 2021
AnalysisInternationalization of Chinese yuanOpinionThinking About China
0 Comment

Commentary China is now the world’s largest manufacturing producer, the largest exporter, and the second largest economy. And yet, the dollar, not the Chinese yuan, is the global currency of choice. In fact, the dollar is the most commonly used currency for trading with China. The roles played by China and the United States in…

Read More