LIVE: China's Anti-Dollar Push Expands Ahead of Xi-Trump Beijing Meet

Описание: China's Anti-Dollar Push Expands Ahead of Xi-Trump Beijing Meet | Firstpost Live | N18G

China and Indonesia have launched cross-border QR payments, allowing transactions in local currencies without using the US dollar. This move is part of Beijing’s larger strategy to internationalise the yuan and reduce dependence on dollar-dominated systems. At the same time, China is expanding non-dollar trade with Russia and Iran, building alternative financial channels. With digital payment networks growing across Southeast Asia, this marks a steady shift in global finance. As geopolitical tensions with the United States continue, these developments signal a long-term challenge to the dollar’s global dominance and Washington’s economic influence.

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