In his wildest dreams, Chinese leader Xi Jinping and his designs on currency domination couldn’t have imagined a better foil than Donald Trump.

China’s yuan tumbled on Tuesday to its lowest level in nearly 15 years on Tuesday as investors fled Chinese assets amid fears about Xi Jinping’s dramatic move to tighten his grip on power in a ...

Chinese state banks have been consistently accumulating foreign assets. The direction of pressure on China’s currency has changed; without backdoor intervention, it would now be getting stronger.

Chinese President Xi Jinping emphasized the need for a strong currency as he seeks to make his country a “financial power,” highlighting Beijing’s desire to boost the global status of the yuan.

The yuan scaled a five-month high in Asia on Tuesday as traders welcomed dialogue between the U.S. and Chinese presidents, while the dollar held near a 16-month peak against the euro ahead of U.S ...

Strong yuan, not stock market, tops Xi’s wish list. Chan Ka Sing. January 23, 2024 5:01 AM UTC Updated January 23, 2024. Chinese 100 yuan banknotes are seen in this picture ...

China’s yuan is headed for its strongest close in nearly three months, as a call between President Xi Jinping and his U.S. counterpart raised hopes of improved relations between the two nations.

Xi Zhongxun was purged by the Communist Party he served and went on to help reform Chinese politics. His son is the most authoritarian leader since Mao. ... By Li Yuan. June 3, 2025; ...

The uncertain reaction to Xi Jinping’s display of warmth made sense: Executives are eager for a reset after years in the cold but ever wary of meddling. ... By Li Yuan. Feb. 22, 2025.