In late 2015, China unveiled a new trade-weighted CFETS yuan index, saying the yuan's value should better reflect its trade and investment with multiple countries, not just the United States.

Meanwhile, the Chinese yuan — which many think is the biggest threat to the dollar — accounted for just 2.37% of reserves in the same period, with a high proportion of that being held by ...

Unlike the digital yuan, which is entirely under the umbrella of a central bank, stablecoins are blockchain-based and privately issued cryptocurrency tokens pegged to fiat currencies like the ...

China’s economy has been immensely successful by most measures. Its gross domestic product (GDP) of $17.7 trillion is second only to the United States. It’s also the third-largest trading ...

Despite China’s recent thrust to lure investors away from the dollar, the yuan’s international usage dipped in May, the report said, citing Swift’s RMB tracker.

Yet, the exchange rate has barely moved, leading to a real appreciation of the euro against the yuan of over 40% between early 2020 and spring 2025, and deepening the euro zone trade deficit with ...