China has also increasingly promoted the global usage of the yuan and expanded foreign investors' access to its commodity exchanges in order to erode the dominance of the US dollar in global trade agreements.
The US dollar is nowhere close to being dethroned as the dominant reserve currency and standard for global trade. But a series of recent moves by China signal that countries around the world are newly open to exchanging goods for yuan, rather than US dollars.
Cementing yuan-bas...
