Tencent Music Entertainment (TME) reported better-than-expected fourth-quarter earnings and revenue on Tuesday as the company saw double-digit gains in music subscription sales. The Chinese music and ...

The central parity rate of the Chinese currency renminbi, or the yuan, weakened 45 pips to 7.1733 against the U.S.

Beijing has raised its budget deficit target to "around 4 percent" of GDP from last year's 3 percent, the highest increase ...

Return of USD strength in the near term is likely to be the dominant factor impacting IDR in the near term. Although Indonesia is relatively less exposed to US tariff risk, escalation of tariff talks ...

The Renminbi, China’s legal currency, is issued and controlled solely by the People’s Bank of China. The exchange rates of the Renminbi are decided by the People’s Bank of China and issued ...

Campanella, Edoardo, and Meg Rithmire. "What Future for the Renminbi in the Global Monetary System?" Chap. 7 in U.S.-China Relations for the 2030s: Toward a Realistic Scenario for Coexistence, edited ...

China focuses on export-led growth to help generate jobs. To keep its export prices low, China must keep the renminbi low compared to the U.S. dollar. U.S. debt to China comes in the form of U.S ...

The yen and pound account for 5.5% and 4.9%, respectively, while the balance is spread across the renminbi and Canadian and Australian dollars, each with shares of 2-3%. In the early 2000s ...