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The Yuan Continues To Expand Its Role In Global Trade Transactions

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An international leader observes a global shift toward the yuan. Vast illuminated trade routes converge on a futuristic financial metropolis inspired by Shanghai.

A currency does not become strong just because its price rises, or because its leaders say so. It also shows in the decisions made every day by companies engaged in global trade. This major change in the habits of international economic actors is precisely revealed by a new survey conducted by the Bank of China. The yuan, a currency of recognition, is establishing itself with a growing number of foreign companies. Published in a context of seeking alternatives to traditional financial circuits and Beijing's international ambitions, this study reveals increased confidence in the Chinese currency.

L’article The Yuan Continues To Expand Its Role In Global Trade Transactions est apparu en premier sur Cointribune.

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