Latest / China Economy with Fexingo: Beijing's Policies, Trade, and Asia-Pacific Markets
Why China Is Pushing Yuan Trade Settlements in Africa
In this episode, Lucas and Luna explore how China is aggressively pushing yuan-denominated trade settlements with African nations as part of a broader strategy to bypass the dollar. With the yuan-per-dollar rate at 6.78 and China's trade surplus widening, Beijing is offering infrastructure loans and currency swaps to resource-rich countries like Angola and Zambia. The hosts discuss how this could reshape global reserve currency dynamics and what it means for emerging markets. Along the way, they touch on the FXI's recent 2.1% five-day gain and the broader implications for the S&P…
The skinny
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