Sputnik (@SputnikInt) “🚨🇨🇳 China’s yuan is rapidly eating into dollar dominance Goldman Sachs says RMB” — TopicDigg
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🚨🇨🇳 China’s yuan is rapidly eating into dollar dominance
Goldman Sachs says RMB use in China-linked trade surged from 13% in 2019 to 30% last year, while cross-border yuan transactions exploded from 9 trillion yuan in 2017 to 64 trillion in 2024.
Beijing sees the yuan's internationalization as strategic insurance — and the trend is only accelerating.
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