China boosts yuan global use as dollar slides amid Trump tariffs

China boosts yuan global use as dollar slides amid Trump tariffs

Amid a 10% slide in the dollar due to Trump tariff policy, China is stepping up efforts to globalise the yuan. The PBoC plans a digital yuan hub and wider futures market access for foreign investors. With rising global de-dollarisation sentiment, China aims to make its currency a serious global trade and finance contender.

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