The leader of China’s central bank made a clear though indirect critique of the dollar’s role as the world’s main currency.
Tag: Renminbi (Currency)
U.S. Raises New Concerns Over Chinese Lending Practices
A Treasury official will call for greater transparency over emergency currency “swap” loans to struggling countries by China’s central bank.
Tuesday Briefing: Japan’s Radioactive Water
Also, Ukrainian soldiers playing video games.
China Has Tools to Help Russia’s Economy. None Are Big Enough to Save It.
Any financial lifeline that Beijing can offer Moscow involves taking on risk and won’t have the power to reverse the damage of sanctions imposed by the United States and its allies.
How Can Biden Bring Back Manufacturing Jobs? Weaken the Dollar
Critics of a strong currency say it hurts American factory workers by making imports cheap.
China Charges Ahead With a National Digital Currency
The electronic Chinese yuan is now being tested in cities such as Shenzhen, Shanghai and Beijing. No other major power is as far along with a homegrown digital currency.
‘Weaponized’ Currency and Mining Limits: China’s Responses to Trump Take Shape
Beijing’s signals suggest it is ready to retaliate should the White House follow through on its new tariff threat, with potentially disruptive results.
China Signals It Will Continue to Weaken Its Currency as Trade War Rages
The country’s central bank guided the renminbi past another key point, suggesting Beijing could weaponize it if Trump imposes more tariffs.
In Trade War, China’s Hard-Line Stance Risks Economy
The Chinese leader, Xi Jinping, wants to appear strong in the face of President Trump, even if it means enduring the economic fallout.
How Does China’s Currency Move Put Pressure on U.S.?
A weaker renminbi blunts President Trump’s tariffs on Chinese-made goods. But the strategy carries risks beyond worsening relations with the United States.