How the Renminbi Is Quietly Gaining Ground in Global Trade

Episode 50 of International Business with Fexingo examines a subtle but significant shift: the Chinese renminbi is slowly displacing the US dollar in trade invoicing and settlement, especially with resource-exporting nations. Lucas and Luna break down new data showing that renminbi-denominated trade has grown to cover 6.5% of global payments, up from under 2% five years ago. They explore why Russia, Brazil, and Saudi Arabia are increasingly accepting yuan for oil, soy, and iron ore—and what that means for dollar hegemony. The conversation is grounded in real numbers, including China's 35% export surge in 2026 and the trade-weighted dollar index hovering at 120.1, and draws on recent moves like the Saudi acceptance of yuan for oil purchases. A focused, data-driven look at a quiet revolution in cross-border payments that most business listeners haven't noticed yet. #Renminbi #DeDollarization #GlobalTrade #ChinaTrade #CrossBorderPayments #Yuan #USDDominance #OilTrade #SaudiArabia #Russia #Brazil #SWIFT #TradeFinance #Business #InternationalBusiness #FexingoBusiness #BusinessPodcast #CurrencyWars Keep every episode free: buymeacoffee.com/fexingo