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The Nexus
BUSINESSJul 12 · 08:30 UTCSCMP WORLDTan Poh Hwee

Markets, not politics, will make China’s yuan a global currency

The article argues that the yuan's global adoption hinges on market-driven factors rather than political efforts. It highlights that practical usage by entities like treasurers in Jakarta or banks in Riyadh, through funding and investment at predictable costs, will determine its international success. Current progress appears stronger in policy discussions than in actual financial operations.

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