Global financial earthquake coming from China đšđł
#China opens a new era of rapid payments (only 7 seconds) and digital monetary sovereignty.
China has suddenly announced the interconnection of its digital yuan system with 16 countries in Asia and the Middle East, bypassing the American SWIFT system.
Here are the 10 most important facts that will change the face of the global economy:
1. China has connected its digital yuan system to 10 ASEAN countries and 6 Middle Eastern countries, representing 38% of global trade, outside the SWIFT framework.
2. Settlement time has been reduced from 3-5 days to just 7 seconds thanks to blockchain technology.
3. Transfer fees have decreased by 98% during the first trial between Hong Kong and Abu Dhabi.
4. The digital yuan bypasses intermediary banks and relies on a distributed ledger, improving efficiency and transparency.
5. Integrated blockchain technology automatically enforces anti-money laundering measures, which worries the West.
6. The âTwo Countries, Two Parksâ project between China and Indonesia executed the first cross-border payment in 8 seconds.
7. Settlement costs in the energy sector have decreased by 75% in the Middle East.
8. 5.8 trillion yuan in settlement volume with ASEAN countries in 2024, an increase of 120% compared to 2021.
9. The digital yuan is effectively used in Belt and Road projects, railways, and quantum communications.
10. 87% of countries in the world have adapted to the digital yuan, and the Chinese payment network now covers 200 countries.
