this post was submitted on 17 Nov 2025
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Yuan rapidly gaining ground as Chinese firms plot global expansion (www.scmp.com)
submitted 3 months ago by rss@news.abolish.capital to c/china@news.abolish.capital
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Chinese companies expanding overseas are increasingly using the yuan for financing and payments to build their international operations, boosting the currency’s growing clout in international trade and investment. “Based on my calculation, 10 per cent of our company’s total orders were priced and settled in renminbi,” said Yang Feng, finance director for overseas marketing at Sieyuan Electric, in a panel discussion organised by Standard Chartered at the China International Import Expo in...

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