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Wednesday, September 3, 2025
TopicYuan

Topic: yuan

Trump’s rhetoric against BRICS currency doesn’t worry India. US President-elect, Modi are on same page

Trump's threat to impose 100% tariff on BRICS nations won't worry Indian policymakers, given that it has consistently denied any interest in replacement of US dollar as global currency.

Why are African countries, others pushing for ‘de-dollarisation’ — trade in currency other than the USD

USD has been the world’s reserve currency for over 75 years, but many nations are now seeking to trade in local currencies to reduce costs, avoid sanctions & reshape global financial system.

At Gulf summit in Riyadh, Chinese President Xi Jingping calls for oil trade in yuan

Xi Jingping's move would support China's goal to establish its currency internationally and weaken the US dollar’s grip on world trade.

Why China’s digital yuan could prove to be a cousin of the Hong Kong dollar

Capital Economics’ Mark Williams has raised an interesting question, as to whether e-CNY, as some are beginning to call the new electronic cash, is not a central bank digital currency.

Chinese Yuan just had its best quarter in 12 years, amid Covid and its economic fallout

The onshore renminbi gained almost 4% in the three-month period ending Sept, the most since early 2008, while its offshore counterpart advanced more than 4%.

China returns to old trick of just building infrastructure to revive economy after Covid

The problem with such spending is that these construction projects struggle to generate sufficient revenue and end up adding to the debt of local governments.

Why Saudi Arabia is on shopping spree, payback time for Thailand’s rich & other Covid news

As the Covid-19 pandemic shows no signs of letting up, ThePrint highlights the most important stories on the crisis from across the globe.

India may allow some imports from China to be settled in yuan

The plan would enable direct convertibility between the rupee and yuan and will help cut transaction and hedging costs.

There’s chaos in China’s markets, but no need to fear a 2015-like panic just yet

There are similarities but there are also key differences, including a less interventionist response by authorities. China’s stocks are tumbling, the yuan is sinking, and...

On Camera

Chinese memes, videos & commentaries say Modi overshadowed other leaders at SCO

On Douyin, many videos highlighted how Modi was all smiles during his China visit. Others focused on his handholding with Putin and Trump’s supposed irritation.

A Rs 33,000 cr ‘banking fraud’: ED’s case against Arvind Dham, Amtek’s web of ‘500 shell companies’

ED has accused Amtek promoter Arvind Dham of controlling web of nearly 500 shell companies operating as a layered structure, with up to 15 levels of indirect ownership, to divert funds.

‘Real-time, all-climate’ explosives detector could enhance airport & border security—no dogs, no swabs

Bengaluru-based CeNS designs accurate, portable, and cheap sensor using surface-enhanced Raman spectroscopy. It could significantly reduce risks at vulnerable choke points. 

For Indian Mercedes, Asim Munir’s dumper truck in mirror is closer than it appears

From Munir’s point of view, a few bumps here and there is par for the course. He isn’t going to drive his dumper truck to its doom. He wants to use it as a weapon.