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Summary

Chinese yuan's cross-border trade growth

This is a China news story, published by MSN.

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yuan internationalisation work
South China Morning Post

South China Morning Post

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Chinese yuan use up 21.1% in cross-border trade as Beijing pushes global role for currency

South China Morning Post
Summary
Nutrition label

89% Informative

Total cross-border yuan payments and receipts increased 21.1% year on year to 41.6 trillion yuan ( US$5.9 trillion ) between January and August .

China has signed bilateral currency swap agreements with 31 member states under Belt and Road Initiative .

Greater use of the yuan in global trade is seen as a way for China to increase its political influence.

VR Score

95

Informative language

97

Neutral language

70

Article tone

formal

Language

English

Language complexity

55

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

External references

9

https://www.scmp.com/news/china/diplomacy/article/3237837/could-chinese-yuan-be-set-bigger-role-belt-and-road-investors-steer-clear-us-dollar-riskshttps://www.scmp.com/economy/china-economy/article/3275668/chinas-yuan-hits-internationalisation-landmark-record-share-global-paymentshttps://www.scmp.com/topics/peoples-bank-chinahttps://www.scmp.com/sport/racing/article/3281233/scmp-best-bets-solid-four-year-old-can-give-followers-sha-tin-win?utm_source=Microsoft&utm_medium=Off-Platform-referrals&utm_campaign=Off-Platform-referralshttps://www.scmp.com/business/banking-finance/article/3281205/dunhill-family-office-network-set-hong-kong-boon-citys-wealth-hub-status?utm_source=Microsoft&utm_medium=Off-Platform-referrals&utm_campaign=Off-Platform-referralshttps://www.scmp.com/news/hong-kong/education/article/3281232/hongkongers-weakness-writing-speaking-persist-international-english-test?utm_source=Microsoft&utm_medium=Off-Platform-referrals&utm_campaign=Off-Platform-referralshttps://www.scmp.com/economy/global-economy/article/3276587/can-chinas-yuan-now-familiar-face-around-world-become-must-have-currencyhttps://www.scmp.com/opinion/article/3281237/chagos-islanders-should-last-be-allowed-return-their-home?utm_source=Microsoft&utm_medium=Off-Platform-referrals&utm_campaign=Off-Platform-referralshttps://www.scmp.com/knowledge

Source diversity

1

www.scmp.com

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