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Yuan

A collection of 2 posts
China Economy
China Economy Featured

China stimulus presents a new chapter for global markets

China’s aggressive stimulus, including a $142 billion bank injection and fiscal spending, boosts global markets, driving stock surges.
27 Sep 2024 5 min read
This is why Russia is promoting the yuan
dollar

This is why Russia is promoting the yuan

With Russia being officially blocked off from both the US dollar and the euro, the state-owned VTB Bank has given its customers the option of opening Chinese yuan savings accounts with a maximum interest rate of 8%. Russia’s second-largest bank has been battered by Western sanctions aimed at completely
14 Mar 2022 1 min read
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