Page 4 - Xiaoying News Today

In recent years, the renminbi's internationalization has been continuously advancing. The renminbi's global payment share reached 2.3 percent in 2022, making it the fifth largest payment currency in the world. As of the end of last year, the renminbi's share in global foreign exchange reserves stood at 2.7 percent, also the fifth largest. In May 2022, the International Monetary Fund increased the weight of the renminbi in its Special Drawing Rights currency basket from 10.92 percent ...

In August 2022, then US House speaker Nancy Pelosi's visit to Taiwan dealt a serious blow to the already deteriorating Sino-US relations. And although the meeting between the two countries' leaders on the sidelines of the G20 Summit in Bali, Indonesia, in November 2022 raised some hopes of bilateral ties returning to the normal track, Sino-US relations continue to deteriorate with the level of official exchanges falling to a historical low.

In November 2022, the European Parliament and the Council of the European Union approved the Regulation on Foreign Subsidies Distorting the Internal Market.

The Fifth China-Afghanistan-Pakistan Foreign Ministers' Dialogue, attended by Chinese State Councilor and Foreign Minister Qin Gang, Pakistani Foreign Minister Bilawal Bhutto Zardari and Acting Foreign Minister of the Afghan Interim Government Amir Khan Muttaqi in Islamabad on May 6, marks the official restart of the trilateral cooperation mechanism among the three countries.

/PRNewswire/ -- X Financial (NYSE: XYF) (the "Company" or "we"), a leading online personal finance company in China, today announced its unaudited financial...

In a letter to Speaker of the House of Representatives Kevin McCarthy and other top lawmakers on Monday, US Treasury Secretary Janet Yellen urged Congress to "act as soon as possible", warning that the US risks being unable to pay its debts "as early as June 1".

Belt and Road Initiative has evolved with a greener and smarter international cooperation agenda

The United States has once again reached a critical point in its debt crisis, with its outstanding unfunded federal government debt reaching a staggering $31.41 trillion in December 2022. While the US Treasury Department has taken emergency measures to avoid breaching the debt ceiling, the ongoing power struggle between Democrats and Republicans threatens to deepen the crisis.

The EU burned less coal last winter, despite the energy crisis, the Financial Times reports, citing new analysis from thinktank Ember.

Brazilian President Luiz Inacio Lula da Silva's visit to China, which began on Wednesday, is getting a lot of attention, as the leaders of the largest developing countries in the Eastern and Western hemispheres renew ties.