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Beijing accelerates de-dollarization as global yuan loans hit new record
China just smashed another milestone in its war on dollar dominance. Official figures show overseas renminbi lending, bond investments, and deposits by Chinese banks have quadrupled in five years, hit...
1 min
China wields lending influence to globalize the yuan
China is forcing the game to change. As the world’s largest lender, Beijing is now handing out favors… with strings. Countries deep in debt to China are being nudged into ditching the dollar, not by f...
1 min