The Economist reports: “China is ditching the dollar, fast”.
Over 30% of China’s trade in goods & services is now done in its own currency, RMB.
China settles over 50% of its total cross-border receipts (including financial flows) in yuan, up from less than 1% in 2010.
The Dollar being used for international trade is literally the only reason the US economy doesn’t immediately collapse. China doing this is a good thing. It weakens the US.