So much international trade happens in dollars that it would be very difficult to turn the tide against the currency any time soon.
Articles on Yuan
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Despite China’s economic power, the yuan lags as a major global currency. Here’s why current US interest rates and sanctions on Russia may change that.
Central banks are now taking digital currencies seriously, and the EU is exploring the idea. While an “e-euro” could increase monetary security and stability, the venture is not without risks.
It will take more than Europe’s gas requirement to topple the greenback.
As the world becomes more divided by this war, the Chinese yuan may become the safe haven for Russia and other liked-minded countries.
The agreement marks a key milestone in strengthening bilateral financial cooperation between the world’s largest exporter, China, and Southeast Asia’s largest economy, Indonesia.
Most countries manipulate their currencies – at least a little – but at the moment that’s not the real reason they are undervalued relative to the dollar.
The US and China have an interdependent economic relationship. If this unravels it will have global ramifications.
Chinese real estate investors might be more interested in investing in their homeland rather than Australia, given the changing market and regulations.
China has introduced new currency and investment controls after foreign exchange reserves hit the lowest level since 2011. This could have a profound impact on our trading relationship.
The Chinese government should focus less on promoting the yuan internationally and more on domestic financial reform.
Trump is only the latest U.S. politician to bash China over its trade and currency policies. Is the criticism fair?
Beijing wants the Renminbi to become an international currency - but is it prepared to do what it takes?
Market “hiccups” are painful for western markets, but a good sign of the internationalisation of Renminbi.
The inclusion of the yuan into the IMF’s currency basket shouldn’t stop ongoing Chinese financial market reforms.
Recent headlines suggesting the yuan is on the verge of becoming an international currency stray far from reality.
China’s actions around the yuan are less dramatic than they have been portrayed. But what’s behind the drop is the major worry for Australia.
China’s interventions to cheapen its currency relative to others will hurt US imports in the short term, but the country’s surging “mainstream” will easily offset the impact.
The US may not like it, but by devaluing the yuan the People’s Bank of China has done what longtime critics of China’s currency policy have long been clamouring for.
Whatever China’s policymakers do these days matters a lot, and not just to the denizens of the People’s Republic. On the contrary, for better or worse what happens in China has a powerful and often immediate…
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Senior Lecturer, International Law; Asian Business Law, Monash University
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Distinguished Professor of Management & Global Business, Rutgers University
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ARC Future Fellow and Senior Research Fellow, Griffith University
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Professor of Strategy, University of Michigan
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Scientia Professor of Economics, UNSW
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Adjunct Professor, Australia-China Relations Institute, University of Technology Sydney
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Professor of Marketing and International Business, Michigan State University
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Professor of Economics and former Dean of the Faculty of Economic and Management Sciences, University of Pretoria
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Professor of Practice and Director of the Institute for European Policymaking, Bocconi University
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Associate Professor of Finance, Loyola University Maryland
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Director of China-Indonesia Desk, Center of Economic and Law Studies (CELIOS)
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Lecturer East Asian and International Political Economy, University of Bristol
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Senior Lecturer in Economics, Lancaster University
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Professor of Finance, University of Technology Sydney
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Ascociate Professor in Finance, Audencia