# China-linked trade settlements in yuan grew from 13 per cent in 2019 to 30 per cent last year.

*business · news · 2026-05-26 · South China Morning Post*

## Key points

- China-linked trade settlements in yuan rose from 13% in 2019 to 30% in 2023.
- Total cross-border yuan transactions grew from 9 trillion yuan in 2017 to 64 trillion yuan in 2024.
- Yuan invoicing for goods imports doubled since 2020 but was only 1.5% of the total in 2023.
- The yuan's share of official global reserves reached about 2% in 2025, according to Goldman Sachs.
- Zhu Min suggests Beijing could expand yuan use via supply chains, commodities, and swap mechanisms.

**Companies:** Goldman Sachs
**Countries:** China

[Read the full story on South China Morning Post](https://www.scmp.com/economy/china-economy/article/3354913/chinas-yuan-gains-ground-international-trade-room-grow-goldman-sachs-says)

---

Canonical: https://newsio.io/n/1ab3ef37-c6f8-4af8-816a-f2dc09a2e666/china-linked-trade-settlements-in-yuan-grew-from-13-per-cent-in-2019-to-30-per-c
Summarized by Newsio from South China Morning Post. https://newsio.io/how-it-works