The Chinese yuan is steadily gaining ground in Africa’s trade system as the continent’s economic ties with Beijing deepen, challenging the long-standing dominance of the U

The Chinese yuan is steadily gaining ground in Africa’s trade system as the continent’s economic ties with Beijing deepen, challenging the long-standing dominance of the U

China abolishes tariffs on imports from 53 African nations, boosting $348B in bilateral trade and accelerating yuan adoption through CIPS payment expansion.