China Ditching US Dollar for Yuan in Global Trade

Chikheang 2025-11-13 15:38:27 views 1240
China is making a significant shift in its foreign exchange strategy, dropping the US dollar in favor of the Chinese Yuan for global trade.

This move is seen as a strategic response to the ongoing trade tensions between China and the United States.

As the world\“s second-largest economy, China\“s decision to reduce its reliance on the US dollar is expected to have a profound impact on the global financial system.

Several Indian businesses are already exploring opportunities to trade with China using the Yuan, indicating a growing preference for the Chinese currency in international transactions.
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