China has several ways of managing its currency but uses two primary tools to do so on a daily basis. First, the central bank sets a daily reference rate for its currency.

China has allowed the value of its currency to fall by nearly 2% against the U.S. dollar – the largest devaluation in two decades.

This Chinese Ming dynasty banknote is inscribed with the title Great Ming circulating treasure note and a warning that counterfeiting is punishable by death. Paper currency was first used in China ...

After China let its yuan drop in value, the U.S. accused the country of being a "currency manipulator." Here is how China manages its money and what a dispute with the U.S. could mean.

Since the late 2000s, China has tried to accelerate internationalization of its domestic RMB with policy measures such as dim sum bonds. Dim sum bonds are bonds issued in foreign countries but ...

China’s central bank devalued the country’s currency, the renminbi, by about 2% against the U.S. dollar on Tuesday. It was the biggest one-day move since the renminbi, or yuan, officially de ...

The yuan has become caught up in the trade fight between China and the United States. China’s currency has declined around 9% versus the US dollar since April and is trading near its lowest ...

What’s happening to China’s yuan? The yuan usually changes in value a fraction of a percentage point in a day. But on Tuesday, China’s central bank abruptly devalued the yuan by nearly 2 ...

China is wrong to think its digital currency will increase global payments in RMB. But Beijing has its eye on a different prize, anyway. Some 5,000 people in Shenzhen saw their phones light up in ...

Although China may be leading the race to roll out a digital currency, the starting pistol was fired in a U.S. boardroom.. In June 2019, Facebook announced it was planning to issue a digital ...

President-elect Donald Trump has vowed to name China a currency manipulator on his first day in the White House. There’s only one problem – it’s not true anymore. China, the world’s second ...