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SWIFT block could hurt global economy--China Economic Net en.ce.cn - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from en.ce.cn Daily Mail and Mail on Sunday newspapers.
Wild swings in Russia’s ruble over recent days amid its escalating tensions with Ukraine won’t become a major cause of concern for China-Russia trade that has increasingly shifted toward settlement in the yuan amid a broad push for de-dollarization, experts said on Friday. ....
China’s equity market on Thursday entered a risk-off mode amid escalating Ukraine-Russia tensions that have roiled the global markets, while the Chinese yuan stood out as a safe haven, in a sign of investors’ confidence in the Chinese economy, which has remained unfazed by geopolitical uncertainty. ....
Chinese currency renminbi became the fourth most active currency for global payments by value in December 2021, with a global share of 2.7 per cent, and surpassing that of. ....