Tag Archive "currencies"

Dollar cap: China limits world’s highest foreign currency reserves

China’s central bank has said it no longer sees any benefit in increasing its $3.66 trillion foreign currency reserves – already the world’s largest. China ...

Chinese alternative to Fitch and Moody’s to challenge credit rating system

China is set to offer its alternative to the big three US credit rating agencies, Moody’s, Fitch, and Standard and Poor’s. The Universal Credit Rating ...

Year of the yuan: China’s explosive currency goes global

The ‘people’s currency’ of China is redefining the global economic monetary system. The closed-capital pariah is blossoming into a reserve standard and is hedging appeal ...