The technology allows the authorities to not only track where money is going, but also programme how it flows. Read more at straitstimes.com. Read more at straitstimes.com.

The post-COVID economic recovery in China weakened in Q2, which has forced the Chinese government to deploy a fresh stimulus package to assist the economy. The U.S. dollar has been gaining against the ...

HONG KONG, CHINA - MAY 17: Staff members of Bank of Communications involved in the cross-boundary e-CNY pilot program display the e-CNY wallets on May 17, 2024 in Hong Kong, China. Hong Kong will ...

The Chinese yuan enters 2026 with a structural tension between market forces and policy management. Recent price action points to gradual strength, with USD/CNY easing to 6.9857, yet the currency ...

Major shifts in political and economic landscapes are setting the stage for the U.S. dollar’s decline against various Asian currencies, according to recent research from Goldman Sachs. The bank’s ...

BEIJING/SHANGHAI, Dec 29 - Holdings of China's digital yuan, or e-CNY, will start generating interest income next year under a new framework, state broadcaster CCTV said on Monday, as China steps up ...