China Officially Launches A Plan To Promote Its Own Payment System.
As international monetary tensions intensify, China is accelerating its offensive against the dominance of the dollar. Beijing officially launches a strategic plan to impose its own international payment system. This initiative marks a major turning point in redefining global financial flows, reinforcing China’s ambition for a multipolar economic order. By directly targeting the traditional networks dominated by the West, this maneuver now captures the attention of markets, governments, and major financial institutions.
China formalizes an ambitious plan to promote its own international payment system.
Shanghai becomes the nerve center for developing the CIPS network, a direct alternative to SWIFT.
Beijing aims to strengthen the use of the yuan in cross-border trade and support its companies abroad.
The project intends to reduce the BRICS’ dependence on the US dollar and consolidate their financial autonomy.