China Promotes Yuan Internationally Through BRI Loans
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China using BRI loans to promote yuan internationally, boosting its share of global payments.
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Yuan accounted for 3.71% of global payments in September, hitting a record high.
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Funding BRI projects helped revitalise yuan internationalisation process.
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China signed yuan-denominated loan contracts with foreign lenders at BRI forum.
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Rising geostrategic tensions and high US rates helped increase yuan acceptability.
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