China’s central bank vows to enhance yuan amid looming risks from strong US dollar
Adjustment of daily fixing seen as one way to resist depreciation pressure China's central bank has pledged to advance the cross-border use of the yuan and develop the offshore yuan market, as the ...
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A Debt Spiral and US Financial Collapse in the 2030s
If DOGE fails to cut US deficit then what is potential timeline for a U.S. economic collapse similar to the Soviet Union’s (USSR), given a current national ...
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China's central bank to promote cross-border RMB use
BEIJING, Feb. 20 (Xinhua) -- The People's Bank of China (PBOC) will promote the use of renminbi (RMB) in cross-border payments, pricing, investment and financing, with an aim to facilitate ...
Saudi Arabia Unveils Currency Symbol to Promote Financial Status
Saudi Arabia has introduced a new symbol for its local currency as part of efforts to establish the kingdom as a global ...
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China's Currency Is Hard to Value, Bessent Says
US Treasury Secretary Scott Bessent says it's hard to put a value on China's currency. He speaks on "Bloomberg Surveillance." ...
China's central bank pledges financial support for private economy
China's central bank vowed on Thursday to provide strong financial support for the healthy development of private economy and ...
China is likely to cut its benchmark policy rate next month, economists say, after PBOC keeps LPR steady
The PBOC has in recent months sought to defend the yuan as it faces downward pressure amid threats of higher tariffs.