According to official reports, the yuan has overtaken the dollar to become the most-used currency in China's cross-border transactions, with it being used in 48.4% of all such transactions.
The yuan became the most widely-used currency for cross-border transactions in China in March, overtaking the dollar for the first time, official data showed, reflecting efforts by Beijing to internationalise use of the yuan.
Cross-border payments and receipts in yuan rose to a record $549.9 billion in...
