- China signed a series of yuan-denominated loans at the Belt and Road Initiative forum on Wednesday.
- The latest BRI loans marked another shift away from the greenback.
- Beijing’s yuan lending spree comes after most of its prior BRI loans were denominated in US dollars.
China signs yuan-denominated loans for Belt and Road Initiative, accelerating de-dollarization (msn.com)
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Published by markskidmore
Mark Skidmore is Professor of Economics at Michigan State University where he holds the Morris Chair in State and Local Government Finance and Policy. His research focuses on topics in public finance, regional economics, and the economics of natural disasters. Mark created the Lighthouse Economics website and blog to share economic research and information relevant for navigating tumultuous times.
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