🇨🇳 - China now settles half of its crossborder trade in renminbi, up from zero in 2010• Rise in RMB use highlights sanctions-proofing strategy of Beijing and its allies, such as Russia• China's promotion of CIPS, its homegrown alternative to Swift, may support rise in RMB use

发布时间: 2024-05-20 20:10:10

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🇨🇳 - China now settles half of its crossborder trade in renminbi, up from zero in 2010
• Rise in RMB use highlights sanctions-proofing strategy of Beijing and its allies, such as Russia
• China's promotion of CIPS, its homegrown alternative to Swift, may support rise in RMB use
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