What changes when China’s leader finally states a reserve currency ambition explicitly? Xi Jinping has now done so, calling ...
On Saturday, Chinese President Xi Jinping made it public: he wants the renminbi, China’s currency, to become a “powerful currency” that ultimately replaces the dollar as the global reserve currency – ...
BANGKOK — China has been expanding use of digital currencies as it promotes wider use of its yuan, or renminbi, to reflect its status as the world’s second-largest economy and challenge the ...