China's currency gains ground amid downturn | World Business Watch | WION

The global financial landscape is undergoing a seismic shift. For decades, the U.S. Dollar has reigned supreme, dominating international trade and investment. But now, a new challenger is emerging: the Chinese Yuan. The yuan's share in global payments has reached a historic high, a testament to China's strategic efforts to reduce reliance on the dollar. This milestone marks a significant step towards a more multipolar international monetary system.