China’s Move Away From the USD

The global financial landscape is undergoing a subtle yet significant transformation. At the heart of this change is the concept of "de-dollarization" – the gradual reduction of the US dollar's dominance in international trade and finance. While this process has been simmering for years, it has gained momentum recently, fueled by China's increasing use of its own currency, the yuan (or renminbi), for cross-border transactions.

 

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