Currency weakens as concerns mount over health of world’s second-largest economy
Issuance of ‘panda’ and ‘dim sum’ debt hits record pace as economic slowdown depresses borrowing costs
Currency increases 1.5% against dollar in July after months of falls
Steady, but slow internationalisation
Slowing domestic growth and shrinking exports have become main concerns as Fed’s influence wanes
Russians lead drive to settle in Chinese currency as sanctions cut access to dollar financing
Leftist president lends his voice to Beijing’s efforts to boost renminbi’s role in global commerce
Rising cost of dollar financing has also made China’s currency more attractive
Exorbitant privilege FTW
The US dollar still dominates debt markets, but some niche-sounding data suggests things could be set to shift
Shift away from using ‘toxic currencies’ for trade and reserves accompanies increase in yuan-denominated bank accounts
The greenback is bound sooner or later to feel the effects of intensifying geopolitical rivalry between the US and China
People’s Bank of China uses ‘invisible reserves’ to manage currency fluctuations
China’s central bank sets midpoint of trading band at lowest level since global financial crisis
The renminbi has fallen almost 12% against the US dollar this year
China’s foreign currency holdings also dropped in September as the strength of the dollar rose
Regulators seek to allow more renminbi weakness but avoid runaway depreciation
People’s Bank of China stops short of deploying significant foreign exchange reserves
Chinese currency has fallen 11.5% this year as Fed raises rates to tame inflation
Covid lockdowns, sputtering economic growth and diverging monetary policy pile pressure on China’s currency
Beijing will not want to pass on price rises to consumers in full
Scheme allowing mainland funds to access offshore renminbi debt in Hong Kong spurs new issuance
Dollar’s dominance could gradually decline as a result of geopolitical flare-ups, UBS survey shows
Beijing must find the confidence to lift capital controls and make the renminbi fully convertible
Beijing seeks to reignite interest in onshore debt in face of economic slowdown
