rmb

Chinese Exporters Rejecting Yuan

Commentary As the yuan weakens, Chinese citizens and businesses seek ways to avoid their own country’s currency. Since about 2014, the U.S. dollar has consistently strengthened compared to the Chinese ...

May 7, 2024BY Antonio Graceffo
Chinese Yuan Fluctuates, Depreciation Pressure Deepens

The RMB will depreciate further as the CCP may “monetize the fiscal deficit” of the state.

April 10, 2024BY Bin Zhao and Lynn Xu
State-Owned Banks Dump Stocks of Dollars to Rescue Yuan as Chinese Economy Deteriorates

As the Chinese renminbi (or interchangeably the yuan) exchange rate moved toward weakening, China’s state-run banks were scrambling ...

August 21, 2023BY Jessica Mao and Lynn Xu
ANALYSIS: China’s Economy Stuck in Deeper Crisis Due to More State Interventions

News Analysis The devaluation of China’s currency, the yuan, has plummeted to its lowest point this year due ...

July 1, 2023BY Kathleen Li and Lynn Xu
China’s State Media Claims De-Dollarization Improves RMB’s International Status

The U.S. dollar has long been recognized as the leading global reserve/fiat currency. But recent hardships posed by ...

May 9, 2022BY Kathleen Li
PBOC Intervention Fails to Halt RMB Decline

The onshore exchange rate of RMB against the U.S. dollar stopped falling briefly on April 26 under the ...

April 30, 2022BY Kathleen Li
CCP’s Digital RMB Currency Controls All Spending

The CCP has been heavily promoting digital RMB and has recently announced major trials. This has aroused public ...

August 22, 2020BY Epoch Videos
Promoting Digital RMB to Circumvent US Sanctions

US President Trump called it terrible that the CCP is damaging freedom of the press in Hong Kong. ...

August 19, 2020BY Epoch Videos
China Actually Has Two Currencies—And It’s Fiddling Around With Both

If you micromanage the economy, one currency just doesn't cut it

September 10, 2015BY Valentin Schmid