In a fragmenting global economy, China’s push to internationalise the renminbi reveals how economic and financial linkages are being selectively reshaped by Beijing in response to growing geopolitical uncertainty, writes Monique Taylor. https://t.co/Ns3KTeGODS

Bloomberg@business

2 months ago

China’s central bank asked its major lenders to raise the share of yuan when facilitating cross-border trade, in its latest push for the use of the currency as the world grapples with the onslaught of tariffs by the US. https://t.co/JzmSeTAwi2

Markets News@MarketsDotNews

2 months ago

China has raised the cross-border yuan use requirement for major banks, in a move that could impact international financial transactions.