In Kenya and Ethiopia, China is using debt distress as a strategic opening to expand the RMB’s international use.

China’s global renminbi lending surged 35% to a record RMB3.4 trillion as Beijing accelerates its de-dollarization push.

Swap from the US dollar comes amid difficult relations with Washington but is primarily driven by the Kenyan government’s domestic economic and political concerns rather than marking a major ...

RMB Nigeria Asset Management, the wealth and asset management subsidiary of the FirstRand Group, has hosted its maiden client engagement in Lagos to sensitise investors to the implications of ...

Turkish Airlines secures RMB 2.9bn five-year financing from Bank of China to support fleet and infrastructure expansion under ...

USD/CNY slips below 7.1 as trade tensions ease and Fed policy shifts. Easing trade tensions on Chinese imports could send the ...

South Africa is stuck and desperately needs to accelerate reforms and show consistency if it wants to draw back much-needed ...

China will support the inclusion of a renminbi counter under a stock connect scheme that would for the first time allow mainland investors to trade Hong Kong-listed stocks in yuan, the latest policy ...

Weixin Pay has integrated with Thailand’s PromptPay, allowing Chinese tourists to make seamless renminbi payments at ...

China has introduced strict new laws for influencers, tightening the rules around what people can and can’t say online when ...

Malaysia has steadily deepened its economic and strategic engagement with China in the last decade, while maintaining its ...

China now settles nearly a third of its $6.2 trillion trade in yuan instead of dollars — up from 20% in 2022. But economic ...