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BRICS Revolution: China's Yuan Conquers Dollar Dominance!
BRICS: Yuan payments rise to 24% in 2025 as China takes advantage of Trump's tariffs and looks to steer countries away from US dollars.
BRICS Revolution: China's Yuan Conquers Dollar Dominance!
In a veritable earthquake of global payment mechanisms, the Chinese yuan is catapulting itself into international attention! The BRICS nations, led by China, are sparking a trade revolution by increasing the use of the yuan and slowly but surely dethroning the US dollar. A staggering increase: 24% of global payments could be settled in yuan as early as 2025, just a year after a lower level - a real quantum leap, as the current report from watcher.guru shows.
Emerging markets are urgently looking for alternatives to a patchwork of trade fueled by Trump's tariffs. Yuan payments are skyrocketing, and China is about to redefine the rules of the game. According to a survey by Renmin University, 68% of companies now plan to conduct business in yuan. A remarkable trend that massively strengthens China's position in the global market. "The recent ups and downs of the US Treasury market, a crossroads," explains Yang Changjiang of Fudan University, reflects a rapid shift in the global flow of capital away from the US. The yuan is on the rise – and who better to take advantage of it than China?