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Yuan

The yuan, or renminbi, is the national currency of China, the world's second largest economy. The International Monetary Fund (IMF) has announced the currency's admission into its basket of reserve currencies.

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Reports & Analysis

An image of Chinese yuan banknotes, alongside the Chinese and US flags

China plans stimulus gamble as Trump's tariffs loom

China plans stimulus gamble as Trump's tariffs loom

Beijing has already announced more than $2 trillion in stimulus, but many analysts think it hasn't gone far enough.
BusinessDecember 9, 2024
An illustration showing a stream of US dollars being dropepd into a funnel and exiting the bottom as Chinese yuan

Dedollarization: How the West boosts China's yuan

Dedollarization: How the West boosts China's yuan

Sanctions on Russia over the Ukraine war have spurred record trade in China's currency, but could it usurp the dollar?
TradeSeptember 12, 2024
A view of gold bars and yuan symbol

What's behind China's gold-buying spree?

What's behind China's gold-buying spree?

For more than a year, China has been buying large amounts of the precious metal, helping the price to an all-time high.
BusinessApril 5, 2024
An illustration showing China's 100 Yuan, or Renminbi, notes, the largest denomination in Chinese currency.

How China's yuan props up Putin's anemic budget

How China's yuan props up Putin's anemic budget

Russia is selling its yuan reserves to fill a budget deficit caused by lower oil and gas revenues and the costs of war.
BusinessJanuary 30, 2023
Crown Prince Mohammed bin Salman (left) and Chinese President Xi Jinping (right) shake hands in Beijing

Saudi Arabia and China: New best friends?

Saudi Arabia and China: New best friends?

The Middle Eastern nation is making overtures to China, threatening to upend its long-running relationship with the US.
PoliticsMarch 21, 2022
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What are central bank digital currencies?

What are central bank digital currencies?

Central banks around the world are racing to create their own forms of digital money.
BusinessAugust 9, 202115:21 min
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