SCO & BRICS latest news and insights
— In-depth analysis and comments

By Rhod Mackenzie

During a meeting with senior officials, Chinese President Xi Jinping emphasised the importance of building the country's financial strength on a solid economic foundation, a strong currency, a central bank, financial institutions, regulators, and talent. He urged officials to pro...

By Rhod Mackenzie

Yu Yongding, a former adviser to the People's Bank of China (PBOC), suggests that Beijing should gradually decrease the proportion of US government bonds in its foreign exchange reserves. Additionally, it is necessary to increase imports to balance foreign trade and reduce its vu...

By Rhod Mackenzie

In December 2023, analysts are concluding their assessments of the past year. One clear outcome they all agree upon by the majority is the achievement of the Chinese currency.

The Financial Times reports that the yuan has demonstrated significant triumph in 2023. This is rather...