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Russia can rely on China for the yuan, but China can't rely on anyone else

Fri, 10/04/2024 - 05:00

Tech Insider : Economy, Economy

Russian President Vladimir Putin greets Chinese President Xi Jinping against a backdrop of China and Russia flags. — Chinese President Xi Jinping and Russian leader Vladimir Putin.
Contributor/Getty Images

economy, De-Dollarization, economy, Currencies, Sanctions, us-dollar, chinese-yuan

The US dollar has become so weaponized that central banks are snapping up politically-neutral gold

Tue, 05/14/2024 - 03:34

Tech Insider : Economy

A gold seller examines golden ornaments before trading at a gold shop in Chinatown, Bangkok, Thailand, 10 March 2022. — Gold prices are at record highs as the precious metal is increasingly valued as a politically neutral, safe asset.
Anusak Laowilas/NurPhoto/Getty Images

economy, Markets, News, dedollarization, us-dollar, chinese-yuan, China

De-dollarization is not working out in China, where businesses are hanging onto their US dollars

Thu, 04/18/2024 - 05:10

Tech Insider : Economy, Economy

Yuan and US dollars. — Chinese businesses aren't sold on the yuan.
Getty Imahes

economy, News, China, economy, Market, dedollarization, chinese-yuan

China has a deflation problem. That's good news for the West, according to analysts.

Tue, 12/12/2023 - 09:57

Tech Insider : Economy

China yuan — China's yuan has tumbled in recent weeks.
Bloomberg Creative/Getty Images

economy, Markets, China, chinese-yuan, Recession, us-inflation, inflation-data

Chinese state-owned banks are propping up the yuan while the central bank signals currency weakness

Tue, 11/21/2023 - 11:23

Yuan and dollar — Yuan and dollar
Getty Imahes

Markets, mi-exclusive, chinese-yuan, chinese-banks, PBOC, Dollar, dollar-weakness

China signs yuan-denominated loans for Belt and Road Initiative, accelerating de-dollarization

Fri, 10/20/2023 - 12:13

Tech Insider : Economy

Dollar vs. Yuan — AlexSava/Getty Images

Markets, mi-exclusive, chinese-yuan, us-dollar, dollar-vs-yuan, dedollarization, belt-and-road-initiative

Egypt issues Chinese yuan-denominated panda bonds for the first time, getting lower rate than dollar-based debt

Tue, 10/17/2023 - 12:09

Tech Insider : Economy

xi jinping sisi china egypt — Egypt's President Abdel Fattah al-Sisi (L) greets Chinese President Xi Jinping (R) in 2014.
Greg Baker - Pool/Getty Images

Markets, mi-exclusive, De-Dollarization, chinese-yuan, Egypt, federal-debt, middle-east

Don't worry about dedollarization – the yuan has a 'paltry' share of reserves, so the buck is going nowhere, RBC says

Tue, 10/10/2023 - 07:33

One Chinese yuan bill lying on top of a US dollar bill. — The Chinese yuan doesn't pose a credible threat to the US dollar, according to RBC.
Getty Images

Markets, mi-exclusive, Markets, Currencies, us-dollar, De-Dollarization, dollar-dominance

Russia is using China's yuan to settle 25% of its trade with the rest of the world, report says

Thu, 09/28/2023 - 07:38

Russian President Vladimir Putin and Chinese President Xi Jinping attend a reception at the Kremlin in Moscow, Russia March 21, 2023. — Vladimir Putin and Xi Jinping attending a reception at the Kremlin in March.
Sputnik/Pavel Byrkin/Kremlin via REUTERS

Markets, mi-exclusive, Markets, De-Dollarization, dedollarization, us-dollar, china-yuan

China is importing more from Russia than ever before, with trade between the 2 countries surging since Putin invaded Ukraine

Thu, 09/07/2023 - 09:17

Tech Insider : Economy, Economy

Russia Vladimir Putin China Xi Jinping — Xi Jinping and Vladimir Putin in March.
Xie Huanchi/Getty Images

economy, economy, Trade, China, Russia, Imports, Exports

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