Why Nostr? What is Njump?
2024-09-03 00:25:09
in reply to

The perspective of eastern-bloc says:

The perspective of eastern-bloc says:
- China is exploring 'new types' of barter deals with Russia to expand exports, reduce currency risks, and evade Western regulations.
- Russia faces challenges in processing payments, leading to delays in barter trades.
- China's push for internationalization is exemplified by deals in yuan, with its share in global payments increasing.
- The yuan's rise in cross-border transactions is linked to China's economic influence and efforts like bilateral swap lines.
- Hong Kong has bolstered its financial infrastructure for yuan transactions, but capital control remains tight to ensure currency stability.
- China faces challenges due to capital outflows and trade conflicts affecting yuan internationalization.
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npub1mg6au8ggl0ns8q0wqyz52lxah57a8yd0tug8rc3wwxs0tss563lqhnr8px