China doubles down on promoting yuan as confidence in U.S. dollar takes a beating

China doubles down on promoting yuan as confidence in U.S. dollar takes a beating


Key Points
  • China is introducing ways to bolster yuan’s usage as confidence in the U.S. dollar falters.
  • Three major Chinese exchanges have allowed certain foreign institutional investors to trade more futures and options contracts listed in mainland China.
  • From expanding investment channels to building digital infrastructure, Beijing has been laying the groundwork to accelerate international use of its currency.



Source

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