China's Yuan Strategy Faces Challenges in Cross-Border Trade Settlements
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#df093c6f ver:0.09

China's yuan strategy for cross-border trade settlements faces challenges, with trading partners unwilling to use the currency being the biggest obstacle. The yuan's internationalization index lags behind the US dollar and the euro. To overcome this, China should simplify settlement processes, reduce costs, and promote yuan use in trading major commodities. China's yuan strategy aims to challenge the dominance of the US dollar as the world reserve currency through alternative payment systems like CIPS and SPFS. #China #yuan #trade #currency #USdollar...

#newstr #China #Yuan #Trade #Currency #CrossborderTrade #Survey 

 https://here.news/story/df093c6f?ver=0.09