BRICS: Payments in Chinese Yuan Increased to 24% in 2025
The global payment mechanism is experiencing a paradigm shift, as BRICS member China is seizing the opportunity of Trump’s tariffs by pushing the Chinese yuan as an alternative currency to the US dollar. Trade settlements in the Chinese yuan are on the rise as the world is looking to cut ties with the greenback. The trade wars kick-started by Trump are making emerging economies reconsider their ties with the US. “This is an opportunity that we must seize,” said Yang Changjiang, a Chinese finance professor at Fudan University. Also Read: BRICS: China Officially Launches Plan to Promote Its Own Payment System BRICS: Chinese Yuan Payments Touched 24% in 2025, A Big Leap From Last Year Source: Reuters / Getty Images A recent survey published by the Renmin University’s International Monetary Institute sheds light that bigger enterprises are now considering settling payments in Chinese yuan and lessening the US dollar transactions. Renmin University’s findings show that the...