China pioneers a national digital currency. Can the U.S. catch up? China’s central bank recently issued “digital yuan” that will eventually replace cash in circulation, such as these 100 ...

The People’s Bank of China did not respond to a request for comment. The development of a national digital currency began in 2014, when the People’s Bank of China set up an internal group to ...

On Tuesday China stopped supporting the yuan’s tight link to the strong dollar, allowing its currency to weaken by 3% through Friday. That’s not large by foreign-exchange standards—Japan’s ...

China wants to break the US dollar’s stranglehold on the global financial system and gain greater control over how people spend their money. It’s hoping a digital currency could deliver both ...

Allen: Over the past several months, China has been testing a fully digital currency. More than 100,000 people in China have actually downloaded an app that is connected to China’s central bank ...

Hao Hong, chief China strategist at the Bank of Communications, said China’s attitude toward digital currency had been shifting, South China Morning Post reports. In 2013, the central government ...

China aims to be a global blockchain superpower, and its national digital currency is part of that plan. But if China really wants to achieve its global ambitions it will need help from other ...

The People's Bank of China has completed the development of a prototype for issuing a national cryptocurrency, as Cointelegraph reported on Aug. 11. As it turned out, it will be powered by a two ...

U.S.-China decoupling is impacting a wide range of industries. Supply chains in the semiconductor, rare earths, pharma and battery sectors, for example, have been slated for strategic re-shoring ...

But China’s determination to limit the rate at which the renminbi rises against other currencies, particularly the dollar, together with its decision to hold the currency unchanged on Monday ...

China set a reference rate for the yuan at its weakest point in 12 years, a signal that Beijing sees the benefits of a weaker currency as it ... China’s latest move to impose new national ...