#renminbi — Public Fediverse posts

https://paulkrugman.substack.com/p/chinese-electrotech-is-the-big-winner. "Where will the world procure most of the #renewableenergy #equipment it seeks? From #China. China is the #workshop of the world. Its #manufacturing sector is larger than those of the #US, #Japan, #Germany & #SouthKorea combined." And the #Chinese #renminbi isn't going to end up replacing the US #dollar, Paul Krugman (https://paulkrugman.substack.com/p/the-dollars-special-status-sources)? As the #IMF point out, China's share (19.89%) of #global #GDP (PPP) already exceeds that of the US: https://www.imf.org/external/datamapper/PPPSH@WEO/OEMDC/ADVEC/WEOWORLD.

What Xi Jinping’s Renminbi Push Means for Geopolitics » Capital News

When President Xi Jinping recently called for the renminbi to attain full global reserve currency status, he was…
#Politics #China #geopolitics #renminbi #RMB #XiJinping
https://www.europesays.com/2764017/

https://www.europesays.com/nl/133170/ China wil sterke renminbi Trump handel #Beleggen #Business #China #Commercial #dollar #DonaldTrump #Dutch #economie #euro #FederalReserve #geopolitiek #Handel #Handelsoorlog #Nederland #Nederlanden #Nederlands #Netherlands #NL #Renminbi #valuta #VerenigdeStaten #XiJinping #Zakelijk

TIL "RMB (Renminbi) and Yuan are essentially the same currency, but with a slight distinction: #Renminbi (RMB) is the official name of #China's #currency, while the #Yuan (#CNY) is its basic unit, similar to how "Dollar" is the unit of the "US Dollar".

#RMB is the currency system, and the Yuan (¥) is the amount or denomination you count when paying for something."

https://www.abc.net.au/news/2026-02-08/renminbi-global-reserve-currency/106317290

TIL "RMB (Renminbi) and Yuan are essentially the same currency, but with a slight distinction: #Renminbi (RMB) is the official name of #China's #currency, while the #Yuan (#CNY) is its basic unit, similar to how "Dollar" is the unit of the "US Dollar".

#RMB is the currency system, and the Yuan (¥) is the amount or denomination you count when paying for something."

https://www.abc.net.au/news/2026-02-08/renminbi-global-reserve-currency/106317290

TIL "RMB (Renminbi) and Yuan are essentially the same currency, but with a slight distinction: #Renminbi (RMB) is the official name of #China's #currency, while the #Yuan (#CNY) is its basic unit, similar to how "Dollar" is the unit of the "US Dollar".

#RMB is the currency system, and the Yuan (¥) is the amount or denomination you count when paying for something."

https://www.abc.net.au/news/2026-02-08/renminbi-global-reserve-currency/106317290

TIL "RMB (Renminbi) and Yuan are essentially the same currency, but with a slight distinction: #Renminbi (RMB) is the official name of #China's #currency, while the #Yuan (#CNY) is its basic unit, similar to how "Dollar" is the unit of the "US Dollar".

#RMB is the currency system, and the Yuan (¥) is the amount or denomination you count when paying for something."

https://www.abc.net.au/news/2026-02-08/renminbi-global-reserve-currency/106317290

TIL "RMB (Renminbi) and Yuan are essentially the same currency, but with a slight distinction: #Renminbi (RMB) is the official name of #China's #currency, while the #Yuan (#CNY) is its basic unit, similar to how "Dollar" is the unit of the "US Dollar".

#RMB is the currency system, and the Yuan (¥) is the amount or denomination you count when paying for something."

https://www.abc.net.au/news/2026-02-08/renminbi-global-reserve-currency/106317290

Inflection Point for Switzerland’s Role in Global RMB Markets https://www.byteseu.com/1588254/ #renminbi #RMB #Switzerland

@dalfen it is part of #trump’s plan to devalue the dollar. That will make exports cheaper and narrow the trade imbalance, and make #us labor appear cheaper, and bring more jobs to the #maga

Unfortunately, dollar hegemony will be gone, and we’ll be financing the debt with #renminbi, and fixed income seniors will suffer

Problem solved!

BRICS Eyes Petroyuan for Oil Trade Amid Dedollarization Push, Expert Says - BRICS nations are considering adopting the petroyuan for oil trade as part of thei... - https://news.bitcoin.com/brics-eyes-petroyuan-for-oil-trade-amid-dedollarization-push-expert-says/ #de-dollarization #financialsystem #herbertpoenisch #projectmbridge #kazansummit #saudiarabia #economics #petroyuan #oiltrade #renminbi #energy #russia #brics #china #omfif #uae

In the last year China's international transactions & market-based activities have been dominated by the use of the renminbi (now used in more transactions than the dollar).

The Q. s are: what might this indicate about China's aspirations to be more than a factory state?

How does this reflect the continuing decline of the role of the dollar, and does it matter?

In one sense it shows great confidence in China that the renminbi is stable in global markets.

#renminbi #China #economics
h/t FT

Mainland China to ‘unban’ Bitcoin? Community says ‘unlikely’ - Mainland China has repeatedly banned certain activities related to Bitco... - https://cointelegraph.com/news/china-unban-bitcoin-unlikely-community #cryptocurrencies #michaelnovogratz #chineseyuan #government #regulation #bitcoinban #xijinping #hongkong #renminbi #bitcoin #mining #china

Chinese Yuan Not Serious Threat to US Dollar Hegemony, Says Economist - An economist has dismissed the Chinese yuan as a significant threat to the U.S. do... - https://news.bitcoin.com/chinese-yuan-not-serious-threat-to-us-dollar-hegemony-says-economist/ #usdollarreservecurrency #chineseyuanvsusdollar #multi-currencyworld #usdollardominance #usdollarhegemony #chineseyuan #economics #yuanvsusd #renminbi #yuan #usd

Bank of China Expands Digital Yuan Testing to SIM Cards and NFC Payments - The state-owned financial institution Bank of China has revealed a partnership wit... - https://news.bitcoin.com/bank-of-china-expands-digital-yuan-testing-to-sim-cards-and-nfc-payments/ #centralbankdigitalcurrency #contactlesspayments #digitalcurrency #hardwarewallets #cryptocurrency #mobilepayments #pilotprogram #bankofchina #digitalyuan #nfcpayments #blockchain #renminbi #simcards #china #e-cny #trial #news

China could benefit from yuan stablecoin over its CBDC - Circle CEO - China may have banned the use of cryptocurrencies but stablecoins... - https://cointelegraph.com/news/china-could-benefit-from-stablecoin-over-cbdc-says-circle-ceo #jeremyallaire #stablecoin #renminbi #circle #china #e-cny #cbdc

JPMorgan Expects Dollar Dominance to Persist Even if China Overtakes US as World’s Largest Economy - JPMorgan’s strategists have explained that even if China overtakes the U.S. as the... - https://news.bitcoin.com/jpmorgan-expects-dollar-dominance-to-persist-even-if-china-overtakes-us-as-worlds-largest-economy/ #chinaovertakesuseconomy #jpmorgandollardominance #dollarreservecurrency #usdollardominance #chineseyuan #economics #jpmorgan #renminbi #chinaus #usd

Economist Discusses Viability of BRICS Currency — Says Pegging to Chinese Yuan Would Be ‘First Major Step’ - An economist, who previously worked at the Bank for International Settlements (BIS... - https://news.bitcoin.com/economist-discusses-viability-of-brics-currency-says-pegging-to-chinese-yuan-would-be-first-major-step/ #bricscurrencychineseyuan #bricscurrencyvsusdollar #bricscurrencyrenminbi #bricscurrency #bricsusdollar #economics #bricsusd #renminbi #brics

There is often talk about the pivot to the East, both in politics & economics, as a reflection of the global political economic power of #China.

One more bit of (recent) evidence is the doubling of trade financing (loans & facilities used in the #internationaltrade) that now uses the #renminbi;

certainly this remains a small proportion of dollar financing but since the start of the Ukraine war it has gone from 2% to 4% global share (for comparison the Euro is used in around 6% of trading).

Dollar to Play Lesser Role Due to Its Weaponization, Digital Currencies, Economist Jeffrey Sachs Says - Within the next decade, the U.S. dollar will play a much less dominant role than i... - https://news.bitcoin.com/dollar-to-play-lesser-role-due-to-its-weaponization-digital-currencies-economist-jeffrey-sachs-says/ #economicsprofessor #digitalcurrencies #digitalcurrency #bankingsystem #jeffreysachs #worldeconomy #settlements #u.s.economy #u.s.dollar #economist #payments #renminbi #dollar

Murky #coinbros are trying to incant something into being here. Bonne chance, comrades.

#CCP #china #renminbi #cryptobros #worlddomination
@cryptonewsbot

China doles out millions in digital yuan in bid to boost adoption: Report - Multiple Chinese city governments have given away millions worth ... - https://cointelegraph.com/news/china-doles-out-millions-in-digital-yuan-in-bid-to-boost-adoption-report #centralbankcurrency #governmentsubsidies #covid-19measures #digitalrenminbi #cbdcadoption #digitalyuan #renminbi #e-cny #china #cbdc

TODAY (1/30) @ 8pm EST, join #DCG201 Co-Founder Sidepocket for #CryptoBarons 💹 as we wrap up #ChineseNewYear🧧looking at #eYuan, the digital finance platform #China is using to replace #cryptocurrency...and why the #USA will be next!

Watch on #Twitch, #YouTube, @peertube, @torproject & @odyseeteam: https://linktr.ee/defcon201

#blockchain #defi #centralizedexchanges #fiat #banking #finance #China #RMB #renminbi #DCEP

New article by Michael Pettis on why the #Renminbi is unlikely to replace the #USD:

"Because the widespread global use of a currency is determined by the benefits that global households, businesses, and governments can obtain from the use of that currency, for the renminbi to replace the US dollar, a number of conditions have to be met that accommodate the needs of the global economy."

https://www.elgaronline.com/view/journals/roke/10/4/article-p499.xml

China Charges Ahead With a National Digital Currency - The electronic Chinese yuan is now being tested in cities such as Shenzhen, Shanghai and Beijing. ... - https://www.nytimes.com/2021/03/01/technology/china-national-digital-currency.html #bankingandfinancialinstitutions #mobilecommerceandpayments #computersandtheinternet #politicsandgovernment #renminbi(currency) #mobileapplications #peoplesbankofchina #bitcoin(currency) #wechat(mobileapp) #virtualcurrency #innovation #currency