South China Morning Post (April 6)
2026/ 04/ 07 by jd in Global News
“China’s yuan may be going global faster than Western data suggests” as “many yuan transactions are now routed through China’s own global payment system, which often does not show up in traditional data sets.” Such an understatement by mainstream metrics “could help explain the gap between Beijing’s official narrative–which describes the yuan as the world’s third-largest payment currency–and readings from tracking systems such as the Society for Worldwide Interbank Financial Telecommunication (Swift).”
Tags: China, Currency, Gap, Global, Global payment system, Mainstream metrics, Traditional data sets, Understatement, Western data, Yuan, Yuan transactions
