Scott Bessent, President-elect Donald Trump’s nominee for Treasury secretary, testified before the Senate Finance Committee ...

A quiet revolution is reshaping the foundations of global finance. The Petrodollar system, which has underpinned the international oil trade and U.S. financial power for half a century, faces ...

The expansion of China’s digital yuan and financial technology are helping to boost yuan settlements in the crude trade and hastening the decline of the petrodollar, a report from a ...

BEIJING -- The added value of Beijing's digital economy totaled 2 trillion yuan ($278 billion) in 2024, up about 7.5 percent ...

Trump's Treasury pick Scott Bessent argued against a US digital dollar, saying CBDCs suit countries lacking other investment ...

China's new subsidy plan offers 15% off digital products under 6,000 yuan, cutting iPhone 16 prices to 4,499 yuan, boosting ...

China added more home appliances to the list of products that can be used in its consumer trade-in scheme and will offer ...

Starting on Monday, a subsidy plan for purchasing new mobile phones and other digital products will be implemented nationwide ...