Yuan Impractical for Large-Scale Use: Analyst

NTD Newsroom
By NTD Newsroom
April 26, 2023NTD Business
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For the first time in China last month, the Chinese yuan surpassed the U.S. dollar as the most widely used currency for cross-border transactions. China has been promoting the use of its currency in international dealings, but the yuan’s share in global trade remains low. NTD spoke to a financial analyst for his insights.