DBS: Chinese Exporters Swap Dollar for Yuan in Trade
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最新报道：DBS reports a significant shift in China's trade dynamics, with the yuan increasingly replacing the US dollar in cross-border transactions. According to DBS Group Head of Institutional Banking Han Kwee Juan, Chinese exporters are now demanding settlements in yuan, particularly in deals with non-US partners. Nearly 30% of China's cross-border interbank payments are now conducted in yuan, with notable growth in transactions with LATAM nations. This trend reflects broader challenges to the dollar's dominance as the global reserve currency amid shifting financial policies.
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