The Chinese currency, the yuan, has overtaken the US dollar for the first time in cross-border payments.
According to the foreign news agency, the rate of China’s cross-border payments in March was 48.4 percent and the rate of China’s cross-border payments in US dollars was 46.7 percent.
According to media reports, China’s cross-border payments reached a record 54.99 billion yuan in March.
According to foreign media, the use of China’s currency, the yuan, in global trade is low.
