China’s Payment System Spreads Across Africa and Asia Amid US Trade War

China’s payment system spreads across Africa and Asia amid US trade war

China has signed up entities from Africa, Central Asia and the Gulf to its cross-border payment system, as it hedges against potential US sanctions.

China to establish global operations center for digital yuan

Central bank cites rising cross-border payment issues and push to reduce reliance on single currency - Anadolu Ajansı

China to set up international operation center for digital yuan

Analysis-Under shadow of Trump warning, Africa pioneers non-dollar payments systems - Regional Media News

By Duncan Miriri NAIROBI (Reuters) -Africa’s push for local currency payments systems – once little more than an aspiration – is finally making concrete gains, bringing the promise of less costly trade to a continent long hobbled by resource-sapping dollar transactions. But efforts to move away from the dollar face strong opposition and the threat of retaliation from U.S. President Donald Trump, who is determined to preserve it as the dominant c…