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Thoughts for @scmpnews.bsky.social: "It’s a story of gradual, targeted de-dollarisation in China’s sphere rather than a broad takeover of the No 2 spot globally." www.scmp.com/economy/glob...
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The US dollar is still dominant, but a slump in Europe may see China’s currency gain strength and reach the No 2 spot in global settlements.
www.scmp.com
‘Increasingly influential’ use of China’s currency puts euro on notice
Alicia Garcia Herrero 艾西亞