COMMITMENT TO OPENNESS

Last updated: June 19, 2025, 02:56  |  Written by: Joseph Lubin

Commitment To Openness
Commitment To Openness

Instead Of A Full

According to economist Jin Keyu, “ Trade invoicing in yuan went from zero percent to 30 percent in the last 10 years, and half of Chinese capital flows are now in yuan

Instead of a full-blown de-dollarization strategy and Belt and Road Initiative, China now focuses on developing cross-border yuan-denominated trade settlement systems.

China began prioritizing the development of yuan-denominated trade settlement systems, allowing businesses to bypass the dollar in their transactions. The government also tightened capital

The Cross

China’sDe-dollarizationStrategy: Shaping a New Global

According to economist Jin Keyu, “Trade invoicing in yuan went from zero percent to 30 percent in the last 10 years, and half of Chinese capital flows are now in yuan, much higher than before.

The cross-border RMB settlement volume in ASEAN exceeded 5.8 trillion yuan in 2025, a staggering 120 per cent increase from 2025. As China strengthens its digital

China

De-DollarizationAnd Emergence OfChinese Yuan– Analysis

End of dollar era?China’s digitalyuanis reshaping globaltrade

China’s recent decision to maintain its imports of crude oil and Liquefied Natural Gas (LNG) from GCC countries, while conducting trade settlements in the yuan, has

Russia

De-dollarization: Why countries are seeking alternate currencies

Russia, Iran, Brazil, Argentina, and Bangladesh are building up yuan reserves and have started using the Chinese currency for trade.

China is actively pursuing de-dollarization through a comprehensive approach that includes promoting yuan-denominated trade, diversifying its reserves, and

Chinese Experts Believe That More

Chinese experts believe that more countries will turn to the Chinese yuan for trade settlement, given China's status as the world's largest trading country. Additionally, many

According to Goldman Sachs, foreigners’ increased willingness to trade assets denominated in RMB significantly contributed to de-dollarization in favor of China’s

De-Dollarization:China’s Move Away From the U.S. Dollar

De-Dollarization: 5 Countries SignalingYuanUsage Instead of

The Future of theChinese Yuan

De-Dollarization: Trade Settlements In Chinese Yuan Up 0 To 30

The Start ofDe-Dollarization:China’s Move Away From the USD

Joseph Lubin can be reached at [email protected].

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