China vows to support yuan through crisis, bouncing the embattled currency from a 16-year low

Tech Insider
China yuan
China's yuan has tumbled in recent weeks.

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China's economic woes mount with the yuan hitting a 16-year low

Tech Insider
Dollar vs. Yuan
Dollar vs. Yuan

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JPMorgan says the biggest risk of de-dollarization isn't a rival currency — it's that the US could lose a key tool it's used to fight past economic crises

Tech Insider : Economy
Andrew Jackson portrait on twenty dollar bill.
Andrew Jackson portrait on twenty dollar bill.

Elizabeth Fernandez/Getty Images

Russia is becoming increasingly dependent on Chinese banks as its yuan borrowings more than quadruple

Tech Insider
Russian President Vladimir Putin shakes hands with Chinese President Xi Jinping during a welcome ceremony before Russia - China talks in narrow format at the Kremlin in Moscow, Russia March 21, 2023.
Russian President Vladimir Putin shakes hands with Chinese President Xi Jinping during a welcome ceremony before Russia - China talks in narrow format at the Kremlin in Moscow, Russia March 21, 2023.

Sputnik/Sergei Karpukhin/Pool via

Key BRICS member admits the dollar will remain dominant despite oil deals in rupees and yuan

Tech Insider : Economy
US dollar

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The BRICS summit ended with no new currency and all 5 members issuing differing and contradictory commentary on de-dollarization

Tech Insider : Economy, Politics
President of Brazil Luiz Inacio Lula da Silva, President of China Xi Jinping, South African President Cyril Ramaphosa, Prime Minister of India Narendra Modi and Russia's Foreign Minister Sergei Lavrov pose for a BRICS family photo during the 2023 BRICS Summit at the Sandton Convention Centre in Johannesburg, South Africa, on August 23, 2023.
The BRICS summit wrapped up last Thursday with six new members but not a new currency.

Gia

China's economic model isn't working, but that doesn't mean the country's headed for a 'Lehman moment'

Tech Insider : Economy, Economy
China's economy is facing a troubled property sector, deflation, and weak trade.
Economists are wary on China, but many don't expect a Lehman moment to transpire.

Getty Images / Stringer, Getty

Beijing selling off US Treasurys is a sign of China's economic weakness as it tries to prop up the yuan

Tech Insider : Economy
yuan china
An employee counts money at the last workday of a week at a bank in Taiyuan, Shanxi province, June 28, 2013.

REUTERS/Jon Woo

Argentina plans to repay some yuan borrowings from Chinese currency swap using IMF bailout money

Tech Insider : Economy
FILE PHOTO: Headquarters of the People's Bank of China (PBOC), the central bank, is pictured in Beijing, China September 28, 2018. REUTERS/Jason Lee
Headquarters of the PBOC, the central bank, is pictured in Beijing

Reuters

China's yuan is displacing other top global currencies in trade, but not the US dollar

Tech Insider : Economy
Arrangement of various world currencies including Chinese Yuan, US Dollar, Euro, British Pound, in this picture illustration taken January 25, 2011. REUTERS/Kacper Pempel/Illustration/File Photo
Arrangement of various world currencies including Chinese Yuan, US Dollar, Euro, British Pound

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