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South China Morning Post

South China Morning Post

China’s yuan fitting the bill as currency wins record share of global payments

South China Morning Post
Summary
Nutrition label

77% Informative

China ’s yuan hits internationalisation landmark with record share of global payments.

China encouraged use of its currency in international trade settlements in 2009 .

Yuan usage has been on the rise since Russia was ejected from the US dollar system after its invasion of Ukraine in February 2022 .

Value of payments settled in yuan increased by 13.4 per cent compared with June .

VR Score

87

Informative language

94

Neutral language

32

Article tone

formal

Language

English

Language complexity

56

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

External references

no external sources

Source diversity

no sources

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