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Category Yuan

China halts its purchase of U.S. liquified natural gas

China halts its purchase of U.S. liquified natural gas

China has stopped buying liquefied natural gas (LNG) from the United States, halting cargoes for more than ten weeks and widening the effects of th...
China’s Central Bank Asks State-owned Banks to Reduce US Dollar Purchases

China’s Central Bank Asks State-owned Banks to Reduce US Dollar Purchases

China’s Central Bank has recently directed state-owned banks to curb US dollar purchases as part of its ongoing…
Asian markets trade higher while China’s onshore Yuan dips to its lowest level since 2023

Asian markets trade higher while China’s onshore Yuan dips to its lowest level since 2023

Japan’s Nikkei 225 surged 5.31% on Tuesday, leading a broad rebound in Asia-Pacific markets after steep losses in the previous session. The Topix a...
China announces it “will fight to the end” against Trump

China announces it “will fight to the end” against Trump

China announced it would push back against Donald Trump’s newest tariff threats and took steps to shore up its markets. Fears of a prolonged trade ...
De-dollarization Surges—This Major Economy Drops the U.S. Dollar

De-dollarization Surges—This Major Economy Drops the U.S. Dollar

Brazil has firmly positioned itself at the forefront of the growing de-dollarization movement within BRICS nations right now,…