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The report also said that 84 percent of people in China said they are "comfortable" going out with only mobile phones, no cash.
David Bloom, global head of currency strategy at HSBC Holdings Plc, talks about the yuan and Federal Reserve policy
The global use of the yuan as a trade settlement currency is clearly on the rise
China’s yuan surged to a 19-year high on Thursday, climbing to as high as 6.1707 per dollar, as the People’s Bank of China raised its reference...
Fitch Rating downgraded China’s long-term local-currency rating to ‘A+’ from ‘AA-‘ on Tuesday, citing several “underlying structural weakness” in the country’s economy, including rapid credit expansion...
The drastic appreciation, which has caused more and more domestic discussions about whether the yuan has entered a new appreciation cycle, is in sharp contrast with...
China's yuan strengthened through noon trade on Thursday from an eight-week low touched a day earlier, as the suspected aggressive dollar by the central bank died...
Asia is far too diverse in terms of economic development standards to utilise a single currency while China still lacks certain necessary fundamentals for the liberalisation...