Chinese President Xi Jinping has explicitly revealed his ambition to make the yuan a second key currency challenging the U.S.

Chinese President Xi Jinping has openly revealed his ambition to make the yuan a second reserve currency challenging the U.S. dollar’s dominance, drawing attention to whether the yuan’s strength will ...

China’s central bank vowed to further encourage financing in the yuan by overseas entities, betting cheap borrowing costs and increased demand for the currency offshore will be crucial drivers for its ...