『How China Is Building a Parallel Cross-Border Payment System』のカバーアート

How China Is Building a Parallel Cross-Border Payment System

How China Is Building a Parallel Cross-Border Payment System

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China's yuan-denominated cross-border payment system is quietly expanding as the dollar's dominance faces new challenges. With the yuan per dollar at 6.78 and a trade-weighted dollar index of 120.5, Beijing is accelerating efforts to bypass the SWIFT network through its own Cross-Border Interbank Payment System (CIPS). Lucas and Luna break down how CIPS works, who's joining it, and what it means for global trade—especially as the US-China deficit widens. They examine the recent surge in yuan trade settlements, the role of China's central bank digital currency, and why Saudi Arabia, Russia, and Brazil are increasingly using yuan for oil and commodity deals. Is this the beginning of a multi-currency world order, or just a hedge against dollar weaponization? One concrete data point: yuan-denominated trade now accounts for roughly 24% of China's total cross-border transactions, up from 16% just two years ago. #ChinaEconomy #CrossBorderPayments #YuanSettlement #CIPS #DeDollarization #DigitalYuan #TradeFinance #SWIFT #BRICS #SaudiArabia #Russia #Brazil #CentralBankDigitalCurrency #Geopolitics #Economics #Business #FexingoBusiness #BusinessPodcast Keep every episode free: buymeacoffee.com/fexingo
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