BEIJING, Jan 4 (Reuters) - China has uncovered 530 billion yuan ($84.21 billion) worth of irregularities with local government debt, the National Audit Office said on Wednesday. An audit report, ...
The heat is on the Chinese government to do something about its yuan problem. The 8.3 solution – the rate at which China’s currency is pegged to the American dollar – has become intolerable to the ...
Russian banks are running low on yuan, Bloomberg reported. That's forced Russian firms to pay more to access the currency. Yuan swap borrowing has doubled since June, Bloomberg calculated. An ...
WASHINGTON | Rep. Pete Visclosky, D.-Ind., co-sponsored a bill Monday that seeks to halt China's undervaluation of its currency, which proponents say hurts U.S. steel manufacturing and other ...
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Conflux is aiming to have up to US$42 million worth of tokens issued on its blockchain by the end of this year.
Conflux Network, which claims to be the only regulatory-compliant public blockchain operator in mainland China, has been allowed to experiment with offshore yuan stablecoins as Beijing seeks to secure ...