Latest / China Economy with Fexingo: Beijing's Policies, Trade, and Asia-Pacific Markets
How China Is Using Yuan Trade Settlements to Bypass Dollar Dominance
China's push to settle trade in yuan is accelerating, with the currency's share of global payments hitting record highs. In this episode, Lucas and Luna examine how Beijing is leveraging bilateral swap lines, commodity deals, and digital yuan trials to chip away at the dollar's dominance. They discuss the specific case of Saudi Arabia accepting yuan for oil, the role of Russia and Iran in bypassing sanctions, and what this means for Asia-Pacific trade flows. With the yuan trading at 6.78 per dollar and China's trade surplus narrowing, the hosts explore whether…
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