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Beijing's currency push continues despite economic headwinds | World Business Watch | WION
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There is a profound change taking place in the world of finance. The US dollar has dominated global investment and commerce for many years. However, a fresh rival is now on the rise: the Chinese Yuan. As a result of China's deliberate attempts to lessen its reliance on the dollar, the yuan now accounts for a record portion of international payments. This achievement is a major step toward the creation of a more multipolar global monetary system.
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