china economy

BREAKING NEWS: Treasury Secretary Flags Reports of China Exploring Digital Assets Outside the Yuan

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U.S. Treasury Secretary Scott Bessent said there are rumors suggesting that China is developing digital assets that would not be backed by the yuan, raising new questions about Beijing’s long-term strategy in digital finance. The comments come amid intensifying global competition over digital currencies, payment infrastructure, and the future architecture of international finance. Key Takeaways … Read more

Xi Jinping Pushes for Yuan’s Expansion as Global Reserve Currency

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Chinese President Xi Jinping has called for a stronger global role for the yuan, signaling Beijing’s ambition to reduce reliance on the U.S. dollar and reshape the international monetary system amid shifting geopolitical and economic dynamics. The remarks come as China expands cross-border yuan usage in trade, finance, and central bank cooperation, while positioning its … Read more

China Plans $29 Billion Capital Injection to Stabilize Major Insurers

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China is preparing to inject approximately $29 billion into its largest insurance companies as part of a broader effort to stabilize the sector and reinforce confidence in the country’s financial system. The move signals heightened government involvement as insurers face mounting pressure from slowing economic growth and market volatility. The planned support highlights concerns among … Read more