{"id":155774,"date":"2025-04-30T16:00:26","date_gmt":"2025-04-30T13:00:26","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=155774"},"modified":"2025-04-29T19:09:24","modified_gmt":"2025-04-29T16:09:24","slug":"brics-china-accelerates-yuan-adoption-to-undermine-dollar-in-global-trade","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/brics-china-accelerates-yuan-adoption-to-undermine-dollar-in-global-trade\/","title":{"rendered":"BRICS: China Accelerates Yuan Adoption to Undermine Dollar in Global Trade"},"content":{"rendered":"<p>As more countries seek alternatives to the greenback, especially following the trade disputes sparked during Donald Trump\u2019s presidency, China sees a strategic window to expand the yuan\u2019s footprint in global commerce.<\/p>\n<p>According to research from Renmin University\u2019s International Monetary Institute, large businesses are increasingly favoring the yuan for cross-border transactions.<\/p>\n<p>Settlements in Chinese currency climbed to 24% in the first quarter of 2025\u2014up from 21.5% in mid-2024\u2014highlighting growing momentum behind China\u2019s efforts to internationalize its currency. Finance expert Yang Changjiang of Fudan University described the current moment as a critical opportunity for China to reshape the global financial landscape.<\/p>\n<style>\n    .dark-mode .read-more {background-color: #343a40 !important;}\n<\/style>\n<div class=\"read-more pb-3 pt-3 pt-md-2 px-3 my-4 border bg-light\">\n    <h5 class=\"text-uppercase border-bottom mb-3 pb-1 d-none d-md-block\">READ MORE:<\/h5>\n    <a class=\"article row\" href=\"https:\/\/cryptodnes.bg\/en\/blackrock-buys-nearly-1-billion-in-bitcoin\/\" title=\"BlackRock Buys Nearly $1 Billion in Bitcoin\">\n        <div class=\"contentRight col-4\">\n            <span class=\"imgContainer mt-0\">\n                <img decoding=\"async\" class=\"image img-defer\" src=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2022\/07\/F500-2021-BlackRock-scaled-e1690493129197-240x170.jpeg\">\n            <\/span>\n        <\/div>\n        <div class=\"contentLeft col-8\">\n            <h4 class=\"title mb-0\">BlackRock Buys Nearly $1 Billion in Bitcoin<\/h4>           \n            \n        <\/div>        \n    <\/a>\n<\/div>\n<p>With 68% of surveyed firms now using the yuan for transactions and over half engaging in forex trading with it, Beijing\u2019s ambitions appear to be gaining traction. The volatility in U.S. Treasury markets has further fueled this shift, as capital flows that once reflexively moved toward the U.S. are now hesitating. China\u2019s strategy also aligns with the broader BRICS objective of building a multipolar financial world where Washington has less sway.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>China is accelerating its push to make the yuan a dominant player in international trade, using global tensions and U.S.-led tariffs as a springboard to challenge the dollar\u2019s longstanding dominance.<\/p>\n","protected":false},"author":3,"featured_media":85140,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[60],"tags":[],"class_list":["post-155774","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.8.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>BRICS: China Accelerates Yuan Adoption to Undermine 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