China Promotes Yuan Internationally Through BRI Loans

China using BRI loans to promote yuan internationally, boosting its share of global payments.

Yuan accounted for 3.71% of global payments in September, hitting a record high.

Funding BRI projects helped revitalise yuan internationalisation process.

China signed yuan-denominated loan contracts with foreign lenders at BRI forum.

Rising geostrategic tensions and high US rates helped increase yuan acceptability.