New Delhi, May 21 (IANS) Pakistan’s move to explore Panda bonds has raised concerns over deepening financial dependence on China, even as Islamabad seeks alternative financing channels to manage persistent external sector pressures, a report has said.According to a report by Pakistan Today, the yuan-denominated debt instrument — issued in China’s domestic bond market — is being viewed in Islamabad as a way to diversify funding sources beyond traditional Western lenders and multilateral ins…
Latest Yuan News & Updates
Washington, May 8 (IANS) A bipartisan group of US senators has reintroduced a resolution backing the US dollar’s status as the world’s reserve currency, warning that China is accelerating efforts to build an alternative global financial system centred around the yuan.The resolution, introduced by Ted Budd and Jeanne Shaheen, says Beijing’s push to internationalise the yuan poses economic and national security risks to the United States and its allies.“Continued cooperation and sustained …