For the first time, the yuan surpasses the dollar in China’s cross-border transactions

China’s currency, the yuan, has taken a significant stride in cross-border transactions, for the first time becoming the dominant currency in such activities within China, writes Nikkei Asia in its latest report. In the last quarter, it accounted for 49% of these transactions, marking a substantial shift in the nation’s financial landscape. Nikkei analysts point […]

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