The Big Take

China Takes the Yuan Global in Bid to Repel a Weaponized Dollar

A string of new deals promote the Chinese currency as geopolitical risk spills into international finance

Illustration: Steph Davidson

China is putting the yuan front and center in its fight back against the US's unique influence over global money.

President Xi Jinping's government has been busy striking deals over the past year to expand the ways in which the currency is used, with new agreements linked to the renminbi stretching from Russia and Saudi Arabia to Brazil and even FranceBloomberg Terminal.