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

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.