China's Yuan Push: Less Dollar, More Global?
Update: 2025-09-12
Description
China's central bank is pushing to globalize the yuan, loosening regulations on cross-border financing to reduce reliance on the U.S. dollar amid ongoing trade tensions. New rules encourage Chinese banks to expand yuan lending and bond issuance overseas, aiming for stability in international trade and investment. As China promotes its currency, U.S. and Chinese officials are set to meet, seeking to manage the complex economic relationship.
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