China is increasing its efforts to strengthen its digital yuan. It aims to challenge US dollar-pegged stablecoins in world ...

The deputy director of China's National Laboratory of Finance and Development reportedly says that the country should expand ...

The world is already moving towards a multicurrency system as financial technologies evolve and China pushes the yuan, ...

The report showed that in 2024, China's digital industry generated 35 trillion yuan ($4.8 trillion) in business revenue, up 5.5% year on year. Profits rose 3.5% to 2.7 trillion yuan. The sector ...

Shoppers browse digital products offering trade-in subsidies at a store in Hefei, Anhui province. CHEN SANHU/FOR CHINA DAILY ...

BEIJING - China's digital industry operated steadily in 2024, with increases in both revenue and profits, data from the ...

Stablecoin market cap reached $240 billion, with USDT and USDC dominating. China pushes e-CNY adoption to counter US dollar influence.

China’s top leaders and policymakers are considering allowing the yuan to weaken in 2025 as they brace for higher trade tariffs in a second Donald Trump presidency in the United States.

Bank of China has set up a 50 billion yuan ($6.9 billion) fund to invest in technology startups, state media CCTV reported, ...