BRICS: Payments in Chinese Yuan Increased to 24% in 2025
The global payment mechanism is experiencing a paradigm shift, as BRICS member China is seizing the opportunity of Trump’s tariffs by pushing the Chinese yuan as an alternative currency to the US dollar. Trade settlements in the Chinese yuan are on the rise as the world is looking to cut ties with the greenback. The trade wars kick-started by Trump are making emerging economies reconsider their ties with the US. “This is an opportunity that we must seize,” said Yang Changjiang, a Chinese finance professor at Fudan University.
Also Read: BRICS: China Officially Launches Plan to Promote Its Own Payment System
BRICS: Chinese Yuan Payments Touched 24% in 2025, A Big Leap From Last Year
A recent survey published by the Renmin University’s International Monetary Institute sheds light that bigger enterprises are now considering settling payments in Chinese yuan and lessening the US dollar transactions. Renmin University’s findings show that the yuan is slowly being internationalized and is growing as a form of payment. This puts the BRICS members in the spotlight as China could dictate the rules of policy deals in the Chinese yuan.
Also Read: Illinois Analyst Predicts If BRICS Currency Can Replace the US Dollar
The percentage of enterprises planning to increase yuan settlements rose from 21.5% in the second quarter to 23% in Q4 of 2024. However, it further increased to 24% in the first quarter of 2025 marking a significant shift. BRICS member China is seeing the Chinese yuan gain support from emerging economies as the US is isolating other countries.
Also Read: BRICS: India Plays ‘Double Game’ With the US Dollar?
In addition, around 68% of enterprises surveyed revealed that they’re using the Chinese yuan for settlements. 53% were using the currency for foreign exchange trading. This powers the Chinese yuan giving BRICS member China leverage in the global markets. “The recent soaring volatility in the US Treasury market marks a watershed event,” said Changjiang to SCMP News. He also highlighted that, unlike previous instances, the global capital has not been flowing to the US this time around.
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BRICS: Payments in Chinese Yuan Increased to 24% in 2025
The global payment mechanism is experiencing a paradigm shift, as BRICS member China is seizing the opportunity of Trump’s tariffs by pushing the Chinese yuan as an alternative currency to the US dollar. Trade settlements in the Chinese yuan are on the rise as the world is looking to cut ties with the greenback. The trade wars kick-started by Trump are making emerging economies reconsider their ties with the US. “This is an opportunity that we must seize,” said Yang Changjiang, a Chinese finance professor at Fudan University.
Also Read: BRICS: China Officially Launches Plan to Promote Its Own Payment System
BRICS: Chinese Yuan Payments Touched 24% in 2025, A Big Leap From Last Year
A recent survey published by the Renmin University’s International Monetary Institute sheds light that bigger enterprises are now considering settling payments in Chinese yuan and lessening the US dollar transactions. Renmin University’s findings show that the yuan is slowly being internationalized and is growing as a form of payment. This puts the BRICS members in the spotlight as China could dictate the rules of policy deals in the Chinese yuan.
Also Read: Illinois Analyst Predicts If BRICS Currency Can Replace the US Dollar
The percentage of enterprises planning to increase yuan settlements rose from 21.5% in the second quarter to 23% in Q4 of 2024. However, it further increased to 24% in the first quarter of 2025 marking a significant shift. BRICS member China is seeing the Chinese yuan gain support from emerging economies as the US is isolating other countries.
Also Read: BRICS: India Plays ‘Double Game’ With the US Dollar?
In addition, around 68% of enterprises surveyed revealed that they’re using the Chinese yuan for settlements. 53% were using the currency for foreign exchange trading. This powers the Chinese yuan giving BRICS member China leverage in the global markets. “The recent soaring volatility in the US Treasury market marks a watershed event,” said Changjiang to SCMP News. He also highlighted that, unlike previous instances, the global capital has not been flowing to the US this time around.
Read More