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Commentary: Why Hong Kong Matters to the Yuan’s Next Global Role

Published: Sep. 4, 2026  2:53 p.m.  GMT+8
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A cargo ship loaded with foreign trade containers leaves a port in Qingdao on Aug. 30, 2026. Photo: VCG
A cargo ship loaded with foreign trade containers leaves a port in Qingdao on Aug. 30, 2026. Photo: VCG

As we navigate 2026, China consistently generates an annual trade surplus exceeding $1 trillion. Global importers are paying massive sums for Chinese goods and services.

Historically, these payments have been settled in U.S. dollars. However, this dollar-centric payment architecture is increasingly failing both global trade and international capital markets.

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