{"id":378327,"date":"2026-04-06T19:03:11","date_gmt":"2026-04-06T19:03:11","guid":{"rendered":"https:\/\/www.newsbeep.com\/il\/378327\/"},"modified":"2026-04-06T19:03:11","modified_gmt":"2026-04-06T19:03:11","slug":"chinas-yuan-may-be-going-global-faster-than-western-data-suggests-analysts-say","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/il\/378327\/","title":{"rendered":"China\u2019s yuan may be going global faster than Western data suggests, analysts say"},"content":{"rendered":"<p datatype=\"p\" data-qa=\"Component-Component\" class=\"e8zc9q40 css-1c6uqr6 ec74h0k1\">This could help explain the gap between Beijing\u2019s official narrative \u2013 which describes the yuan as the world\u2019s third-largest payment currency \u2013 and readings from tracking systems such as the Society for Worldwide Interbank Financial Telecommunication (Swift).<\/p>\n<p datatype=\"p\" data-qa=\"Component-Component\" class=\"e8zc9q40 css-1c6uqr6 ec74h0k1\">\u201cAs alternative systems emerge, Swift will be less of an accurate mirror for international payments,\u201d said Xu Tianchen, senior economist at the Economist Intelligence Unit.<\/p>\n<p datatype=\"p\" data-qa=\"Component-Component\" class=\"e8zc9q40 css-1c6uqr6 ec74h0k1\">\u201cWhether the yuan gains or loses share in Swift statistics is perhaps no longer relevant,\u201d he said.<\/p>\n<p datatype=\"p\" data-qa=\"Component-Component\" class=\"e8zc9q40 css-1c6uqr6 ec74h0k1\">At the Lujiazui Forum last year, People\u2019s Bank of China governor Pan Gongsheng said the yuan had already become the world\u2019s third-largest payment currency.<\/p>\n<p datatype=\"p\" data-qa=\"Component-Component\" class=\"e8zc9q40 css-1c6uqr6 ec74h0k1\">By contrast, Swift\u2019s monthly data showed the yuan ranking between fourth and sixth globally in terms of payment share in 2025. The latest figures put its share at 2.74 per cent of global payments by value in February, placing it sixth.<\/p>\n","protected":false},"excerpt":{"rendered":"This could help explain the gap between Beijing\u2019s official narrative \u2013 which describes the yuan as the world\u2019s&hellip;\n","protected":false},"author":2,"featured_media":378328,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[5560,114,1657,106309,181212,113672,29920,184,85,19127,46,181213,27000,17460,67283,40039,2058,7549,67284],"class_list":{"0":"post-378327","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy","8":"tag-beijing","9":"tag-business","10":"tag-china","11":"tag-china-development-forum","12":"tag-chinas-cross-border-interbank-payment-system","13":"tag-cips","14":"tag-economist-intelligence-unit","15":"tag-economy","16":"tag-il","17":"tag-international-monetary-fund","18":"tag-israel","19":"tag-lujiazui-forum","20":"tag-pan-gongsheng","21":"tag-peoples-bank-of-china","22":"tag-society-for-worldwide-interbank-financial-telecommunication","23":"tag-standard-chartered","24":"tag-swift","25":"tag-us-dollar","26":"tag-yuan"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/378327","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/comments?post=378327"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/378327\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media\/378328"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media?parent=378327"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/categories?post=378327"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/tags?post=378327"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}