#Firstpost USD vs Yuan LIVE: How China’s Yuan is Taking on the US Dollar | Trump vs Xi Jinping | Palki Sharma
USD vs Yuan LIVE: How China’s Yuan is Taking on the US Dollar | Trump vs Xi Jinping | Palki Sharma
Trump’s oil sanctions have rattled global markets — but they’ve also accelerated China’s push to dethrone the U.S. dollar. From currency swaps with Japan and South Korea to offering cheaper loans in yuan, Beijing is making strategic moves. Countries like Ethiopia, Kenya, Sri Lanka, Hungary, and Kazakhstan are switching to yuan-based debt. The Chinese currency now powers 8.5% of global transactions, closing in on the British pound. Is this the start of a multipolar currency system? And what does it mean for the future of U.S. financial dominance?
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China | US Dollar | Yuan | Yuan vs US Dollar | Firstpost | World News | News Live | Vantage | Palki Sharma | News
#usdollar #china #yuan #firstpost #vantageonfirstpost #palkisharma #worldnews
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