Attention Economy


Friday, August 23, 2024

Update on Renminbi Internationalization

China’s international use of renminbi surges to record highs
 
China’s yuan hits internationalization landmark with record share of global payments
https://www.scmp.com/economy/china-economy/article/3275668/chinas-yuan-hits-internationalisation-landmark-record-share-global-payments
Data shows China’s yuan has reached a record share of global payments, a welcome sign for the country as it boosts its currency overseas.
 
The dollar's days as a universal reserve currency are numbered
https://asia.nikkei.com/Opinion/The-dollar-s-days-as-a-universal-reserve-currency-are-numbered
Retreat from free trade signals potential shift toward multipolar economic order