business / news / / South China Morning Post
China-linked trade settlements in yuan grew from 13 per cent in 2019 to 30 per cent last year.
China-linked trade settlements in yuan rose from 13% in 2019 to 30% in 2023.
KEY POINTS
- 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
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