谁在真正支撑国际美元？答案不是美国，是我们

Core Insights - The dominance of the US dollar in international payments remains strong, holding a 47.79% share, followed by the euro at 22.77% and the British pound at 7.38% [1][3] - The Chinese yuan has made significant strides in international trade, now accounting for 7.28% of global cross-border trade finance, surpassing the euro [4][6] - The use of the yuan in China's own cross-border trade has increased from 16% to nearly 30% during the 14th Five-Year Plan, indicating a substantial rise in its acceptance [6] International Payment Landscape - The US dollar continues to dominate international payments with a 47.79% share, while the euro, pound, and yen follow with 22.77%, 7.38%, and 3.69% respectively [1] - The yuan ranks fifth in global payment currencies with a 3.17% share, closely followed by the Canadian dollar at 3.12% [3] Cross-Border Trade Dynamics - In the realm of cross-border trade finance, the yuan's share has reached 7.28%, overtaking the euro's 7% [4] - Despite being the largest commodity trader, China still relies heavily on the dollar for trade settlements, using the yuan for only about 30% of its cross-border transactions [6] Strategic Implications - The increase in yuan usage in cross-border trade reflects its growing acceptance and potential as a trade settlement currency [6] - A shift to a higher percentage of yuan settlements could significantly reduce the demand for dollars, impacting its role as a trade medium [9] Future Outlook - The gap between the yuan's current share in global payments (3.17%) and its potential growth in cross-border trade (7.28%) indicates significant room for expansion [10] - China's ongoing trade expansion and initiatives like the Belt and Road Initiative are expected to further promote yuan internationalization [10] - The US's confrontational policies may inadvertently accelerate the yuan's rise in the global financial system [10][11]