The Chinese yuan is rocketing up the ranks as a global payments powerhouse, according to new data analyzed by Tsinghua University economist Liu Qing. 💸 In a chat with CGTN Global Business's Guan Xin, Liu highlighted the currency's expanding footprint in cross-border transactions, fueled by China's robust Q1 economic performance.
\"This isn't just about numbers—it's about trust in China's economic stability,\" Liu noted, pointing to tech innovation and green energy investments as key drivers. 🚀 With Beijing pushing for more international trade partnerships, experts say the yuan could reshape everything from vacation budgeting to crypto trades.
\"The yuan's rise mirrors Asia's growing economic muscle on the world stage,\" Liu added during the interview.
