Dossier
Qizhi
Coverage of Qizhi in the Nexus archive.
- As China’s yuan emerges as a global currency, Beijing faces a balancing act
China's yuan has reached a three-year high against the US dollar as Beijing works to establish it as a global currency. The head of China's State Administration of Foreign Exchange has emphasized the need for a more open and secure foreign exchange system while maintaining yuan stability. Authorities are balancing internationalization efforts with risk management priorities.