Core Insights - The Egyptian Central Bank's decision to officially integrate into China's RMB payment system marks a significant shift in the global currency landscape, allowing travelers to Egypt to transact directly in RMB without needing to convert to USD [1] - The internationalization of the RMB has accelerated, with several African countries and Singapore recently joining the payment system, indicating a growing acceptance of RMB in global trade [1] - China's trade share in Africa has increased from 5% to 20% over the past two decades, providing a solid foundation for the RMB's internationalization [1] Group 1 - The transaction volume in RMB has seen exponential growth, simplifying trade processes and reducing reliance on USD, which mitigates risks associated with USD exchange rate fluctuations [1] - The competitive landscape of international payment systems is changing, with China's payment system being more efficient and economical compared to the traditional USD system [4] - Countries that previously depended on USD are realizing they can conduct business without excessive concern for U.S. developments, as evidenced by the adoption of RMB in various trade scenarios [4] Group 2 - The pressure on the U.S. Federal Reserve, particularly on Chairman Powell, is intensifying as the USD faces potential declines of 3% to 4%, which could significantly impact the U.S. economy [2] - Many countries are reassessing their strategies in light of these developments, with Singapore exploring more RMB settlement channels and European nations discussing adjustments to their foreign exchange reserves [4] - If the U.S. does not adjust its policies in response to these changes, the position of the USD may continue to weaken [6]
人民币“出海”非洲,美元地位动摇?鲍威尔神情透露压力山大
Sou Hu Cai Jing·2025-07-21 09:25