EconomyDeutsche Bank says supply chains are driving the yuan’s global rise
A senior Deutsche Bank executive says the renminbi’s expanding role in global trade is being driven by shifting supply chains, not a campaign against the US dollar. The yuan’s use has grown steadily over the past five years, following the bank’s appointment as Europe’s first non-Chinese renminbi clearing house.
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South China Morning Post★★☆☆☆2026-09-09 01:30Original
Deutsche Bank says supply chains are driving the yuan’s global rise
Economy