The Economist report states that China is reducing its reliance on the US dollar at an unprecedented rate: the share of the renminbi in China's foreign trade has exceeded 30%, and more than half of Beijing's cross-border income is now settled in the local currency.
The Economist magazine pointed out in its report that Beijing is rapidly advancing the de-dollarization process in trade and financial transactions.
Data shows that more than 30% of China's goods and service trade is now settled in the local currency - the renminbi, indicating a sharp increase in the use of the renminbi in international markets.
Statistical data also shows that over 50% of all cross-border income in China (including capital flows and international transactions) is now settled in renminbi, compared to less than 1% in 2010.
Economic experts believe this is part of Beijing's strategy to promote the internationalization of the renminbi and reduce the dollar's position in the world economy - a step that could fundamentally change the global financial landscape in the future.
China is continuing to reduce its investment in US Treasury securities.
As of September 2025, China's investment has been reduced to 759 billion USD, falling behind Japan and the UK, which have instead increased their purchases of US Treasury securities.
Considering the trade war with the United States and the potential risk of war arising from the issue of Chinese Taiwan, it is understandable that China wants to prepare for a possible full-scale rupture in advance. Moreover, the example of Russia is very instructive.
Original: www.toutiao.com/article/1845033598267404/
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