De-Dollarization: China Wants More CNY Trade for Fears of Sanctions
In a recent global survey of 1,660 enterprises, many respondents said their trading partners were unwilling to use the Chinese yuan.
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In a recent global survey of 1,660 enterprises, many respondents said their trading partners were unwilling to use the Chinese yuan.
Concerns about an Asian currency war and what it would mean for the world economy have been underpinned by a strong US dollar. Some economies may choose to intervene in currency markets, but the big question is whether China will devalue the yuan or proceed with caution
Consensus 2024, organized by CoinDesk, will take place in Austin, Texas from May 29-31.
Despite some progress within central banks, OMFIF says there are many signs of ‘backsliding’ elsewhere
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