{
  "id": 1368826,
  "title": "Larger part for yuan in trade",
  "url": "https://urgent.news/2026/08/16/larger-part-for-yuan-in-trade",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-16T22:12:00.000Z",
  "source": {
    "name": "Bangkok Post Business",
    "slug": "bangkok-post-business",
    "url": "https://www.bangkokpost.com/business/general/3302952/larger-part-for-yuan-in-trade"
  },
  "original_language": "en",
  "account": "China is progressively expanding the utilization of the yuan in international trade, permitting its domestic banks to engage in direct settlements with an increasing array of foreign currencies, such as the Thai baht. This move aims to lessen the reliance on the US dollar as an intermediary in cross-border transactions. The country's commercial institutions are actively exploring opportunities to facilitate bilateral deals using the yuan, while still recognizing the dollar's dominant position in the market.",
  "summary": "Beijing is stepping up efforts to widen the role of the yuan in international trade, allowing its domestic commercial banks to expand direct settlement arrangements with a growing number of foreign currencies, including the baht, aiming to reduce usage of the US dollar as an intermediary in cross-border trade.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Bangkok Post",
        "title": "Larger part for yuan in trade",
        "url": "https://urgent.news/2026/08/16/larger-part-for-yuan-in-trade-1372821",
        "published": "2026-08-16T22:12:00.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}