CPEC’s De-Dollarization Strategy Powers Belt & Road Push in Asia
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币界网报道：China's CPEC de-dollarization strategy is accelerating its Belt and Road push in Asia, as the country promotes yuan-based trade settlements to reduce reliance on the US dollar. The China-Pakistan Economic Corridor (CPEC) is a key component of this plan, with infrastructure projects worth $62 billion enhancing regional connectivity. Beijing is encouraging partner nations to adopt yuan for cross-border transactions, leveraging its digital currency (e-CNY) for efficiency. Analysts note this shift could weaken dollar dominance in emerging markets, though challenges remain in liquidity and acceptance. The move aligns with China's broader financial sovereignty goals amid escalating US-China tensions.
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