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    3. Renminbi
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    Renminbi

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    • Thursday, 13 April, 2023
      Brazilian politics
      Brazil’s Lula calls for end to dollar trade dominance

      Leftist president lends his voice to Beijing’s efforts to boost renminbi’s role in global commerce

    • Wednesday, 12 April, 2023
      Renminbi’s share of trade finance doubles since start of Ukraine war

      Rising cost of dollar financing has also made China’s currency more attractive

    • Monday, 3 April, 2023
      Currencies
      Crude indicators for dollar’s dominance

      Exorbitant privilege FTW

    • Thursday, 30 March, 2023
      Gillian Tett
      Prepare for a multipolar currency world

      The US dollar still dominates debt markets, but some niche-sounding data suggests things could be set to shift

    • Sunday, 26 March, 2023
      FT CollectionsWar in Ukraine: economy and trade
      Russia embraces China’s renminbi in face of western sanctions

      Shift away from using ‘toxic currencies’ for trade and reserves accompanies increase in yuan-denominated bank accounts

    • Sunday, 5 February, 2023
      Nouriel Roubini
      A bipolar currency regime will replace the dollar’s exorbitant privilege

      The greenback is bound sooner or later to feel the effects of intensifying geopolitical rivalry between the US and China

    • Friday, 6 January, 2023
      News in-depth
      China’s new renminbi tactics leave traders guessing

      People’s Bank of China uses ‘invisible reserves’ to manage currency fluctuations

    • Tuesday, 25 October, 2022
      Renminbi hits 2007 low after Xi unveils harder line leadership

      China’s central bank sets midpoint of trading band at lowest level since global financial crisis

    • Monday, 17 October, 2022
      China state banks step up dollar sales to support renminbi

      The renminbi has fallen almost 12% against the US dollar this year

    • Friday, 7 October, 2022
      Foreign exchange
      Japan’s forex reserves fall by record $54bn

      China’s foreign currency holdings also dropped in September as the strength of the dollar rose

    • Friday, 30 September, 2022
      China loosens FX restrictions in response to Fed rate rise

      Regulators seek to allow more renminbi weakness but avoid runaway depreciation

    • Wednesday, 28 September, 2022
      Renminbi falls to lowest level since 2008 as dollar strengthens

      People’s Bank of China stops short of deploying significant foreign exchange reserves

    • Tuesday, 27 September, 2022
      Renminbi falls against dollar despite new support measures

      Chinese currency has fallen 11.5% this year as Fed raises rates to tame inflation

    • Monday, 12 September, 2022
      Renminbi heads for record annual fall against dollar

      Covid lockdowns, sputtering economic growth and diverging monetary policy pile pressure on China’s currency

    • Tuesday, 6 September, 2022
      Lex
      Renminbi: exporter gain and consumer pain gives Xi a headache Premium content

      Beijing will not want to pass on price rises to consumers in full

    • Sunday, 31 July, 2022
      Chinese business & finance
      China’s ‘dim sum’ bond sales surge on demand from domestic investors

      Scheme allowing mainland funds to access offshore renminbi debt in Hong Kong spurs new issuance

    • Friday, 1 July, 2022
      Central banks look to China’s renminbi to diversify foreign currency reserves

      Dollar’s dominance could gradually decline as a result of geopolitical flare-ups, UBS survey shows

    • Monday, 20 June, 2022
      Ruchir Sharma
      Why China is not rising as a financial superpower

      Beijing must find the confidence to lift capital controls and make the renminbi fully convertible

    • Friday, 27 May, 2022
      Chinese business & finance
      China opens up bond market in bid to woo foreign investors

      Beijing seeks to reignite interest in onshore debt in face of economic slowdown

    • Wednesday, 18 May, 2022
      Sovereign bonds
      International investors sell Chinese debt at record pace

      Foreign fund managers have sold $35bn worth of renminbi-denominated bonds in 2022

    • Friday, 29 April, 2022
      Renminbi on course for steepest monthly fall as China’s economy slows

      Currency sell-off sharpens after president pledges ‘all out’ infrastructure spending

    • Friday, 22 April, 2022
      Lex
      China stocks: weak renminbi is just what companies need Premium content

      Currency traders expect further weakness soon as Beijing has little leeway for tightening

    • Friday, 22 April, 2022
      Rising US rates and China’s slowdown hit renminbi

      Chinese currency has fallen 1.5% against the dollar on weakening economic outlook and higher US debt yields

    • Tuesday, 29 March, 2022
      Martin Wolf
      A new world of currency disorder looms

      The Chinese renminbi can be a challenger to the US dollar, but it won’t replace it

    • Wednesday, 16 March, 2022
      Markets InsightArthur Kroeber
      Digital renminbi will not help Russia evade sanctions

      China’s currency experiment is not even close to ready for large-scale international use

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