Latest / China Economy with Fexingo: Beijing's Policies, Trade, and Asia-Pacific Markets
How China Is Using Currency Swaps to Sidestep the Dollar
China has been quietly expanding bilateral currency swap agreements with trading partners to reduce reliance on the US dollar in cross-border trade. In this episode, Lucas and Luna break down how these swaps work, why they matter for global finance, and what the latest data on China's yuan internationalization reveals. They discuss the size of China's swap network, the geopolitical motivations behind the push, and the implications for the dollar's dominance. With specific examples including Russia, Brazil, and Saudi Arabia, the hosts explain why this shift is more than just…
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