Chinese stocks and the yuan slumped as fears of worsening Sino-American tensions further undermined investor confidence after ...
(Bloomberg) -- Use of the yuan in global payments slumped by the most on record last month, according to transaction data compiled by global financial messaging service Swift. The portion of ...
The yuan has been weak since early 2023, bearing the brunt of China's anaemic economy and low yields. The heavily managed currency has spent the past 17 months on the weaker side of the 7-per ...