China has slowly been letting its currency, also called the yuan, depreciate in value. The People’s Bank of China set its daily reference rate at the lowest level since Sept. 2023 and the offshore ...

China has been steadily working to elevate the international profile of the RMB. Though progress has been gradual, it carries ...

China is on a crash course with the United States over a major Chinese currency swap deal with Argentina that has buffered the South American country's depleted foreign reserve levels even as it seeks ...