Latest / China Economy with Fexingo: Beijing's Policies, Trade, and Asia-Pacific Markets
How China Is Reshaping Global Fintech via Cross-Border Payments
In this episode, Lucas and Luna explore how China's digital payment giants — Alipay and WeChat Pay — are expanding their cross-border payment networks, challenging the dominance of Visa and Mastercard in emerging markets. With the yuan holding steady at 6.78 per dollar and China's trade surplus narrowing, the hosts discuss how Beijing is quietly building a parallel financial infrastructure. They dive into the latest data on China's current account deficit and examine how Pinduoduo's international expansion signals a broader push for yuan-denominated trade settlements…
The skinny
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