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.
Yes, why not speculate on the winning side? But anyway, I don’t know the process of buying Chinese financial assets, don’t even know if it’s possible.