China’s Dollar Divorce Is Happening Faster Than Expected
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最新报道：China is accelerating the yuan's internationalization as a hedge against US dollar volatility and sanctions, with over 30% of its trade now conducted in yuan and cross-border yuan settlements surging from less than 1% in 2010 to over 50%. The launch of the CIPS system, involving nearly 1,700 global banks, supports this shift, while Chinese banks have tripled yuan-denominated overseas lending since 2022.
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