Name: China’s Yuan Overtook Dollar for International Trade in March
Uploaded: 2023-04-27T05:55:25.000Z
Description: A new currency is rising on the global stage. For the first time, the Chinese yuan overtook the U.S. dollar for international trade in March.

NTD Newsroom comprises teams of reporters, editors, and producers assigned to cover breaking news and other stories.


NTD Newsroom

NTD Plus

Shows

Fast, compelling, first-hand news from China. China in Focus airs Monday–Friday at 9:30 p.m. ET.

China in Focus

Australia Ships $1.7 Billion Tech to Canada for Arctic Defense

The Global AI Race: US Pushes Back Against China’s Cheaper Models

Tiffany Meier is an anchor, China news investigative reporter, and producer for NTD News based at the network's global headquarters in New York City. Tiffany anchors NTD's flagship shows "NTD Evening News" and "China in Focus" and co-moderates NTD's special election coverage "The Nation Decides." She produced the award-winning NTD Original documentary "Hollywood Takeover: China's Control in the Film Industry."


Tiffany Meier

Expert Unpacks China’s Cyber Threats on US Infrastructure

Vivian Li is a producer and reporter based at NTD’s global headquarters in New York City. With more than a decade of experience as a reporter and anchor for NTD’s Chinese-language division, she now primarily contributes to NTD’s English-language program China in Focus.

Vivian Li

Chinese EV Maker Demands $23.7 Million From Small Michigan Town

Juliet Song is an international correspondent exclusively covering China news for NTD. She primarily contributes to NTD's "China in Focus," covering U.S.-China relations, the Chinese regime's human rights abuses, and domestic unrest inside China.

Juliet Song

Alibaba Sues Pentagon for Chinese Military Designation

South Korean Chip Workers in High Demand at Work and Marriage

Mary Man is a writer for NTD. She has traveled around the world covering China, international news, and arts and culture.

Mary Man

News

China News

Report: Missouri State University’s Decades-Long MBA Program for Communist Elites

China Builds US Destroyer Replica at Missile Test Site

China's Aircraft Carrier Sails Through Taiwan Strait

China's Supercomputer Takes Top Spot, Raising Stakes in US-China Tech Race

Trump Sounds Alarm on Communism; Shen Yun Back in Toronto Despite Earlier Hoax Threats

Alibaba Sues Pentagon; Beijing Weaponizes US Courts to Silence Critics

China Builds US Destroyer Replica at Missile Test Site; US Breaks China Mineral Monopolies

US, China Court Brazil Over Rare Earths; One in Ten Chinese Adults Face Debt Problems

Taiwan Begins Drill Simulating War; China Sanctions US Rare Earth, Defense Firms

Ukrainian Drone Makers Target Asian Markets; Taiwan Approves $6.7 Billion Drone Defense Plan

Trump Thanks Xi, Putin for Their 'Neutrality'; US Embassy Warns Travelers of China Exit Bans

US, Japan Reaffirm Indo-Pacific Partnership; US Senate Condemns Xi Jinping

US Issues 3 Warnings in 2 Days on China; Beijing Detains 2 Christian Leaders

G7 Summit Eyes Supply Chain Resilience; US Agencies Ban Chinese-Origin Goods

The Associated Press is an American not-for-profit news agency headquartered in New York City. 

The Associated Press

World News

Americas

Helicopter With Singer Oliver Tree on Passenger List Collides With Another in Brazil, Killing 6

News you can trust from the U.S. and around the world. Critical information and insight. We cover the stories that others don’t. NTD News Today airs Monday–Friday at 11 a.m. ET.

NTD News Today

Iran's Football Team Leaves Note of Friendship

Melanie is a reporter and editor covering world news. She has a background in environmental research.

Melanie Sun

US News

State News

California

California Governor, LA Mayor Declare Emergency Over Warehouse Fire

News with integrity, from the United States and around the world. Focused reports and analyses that shed light on major issues the world deserves to know. NTD Evening News airs daily at 6 p.m. ET.

NTD Evening News

Up to 900 Planes Grounded Worldwide Amid Engine Shortage, United CEO Says

Reuters is a news agency owned by Thomson Reuters. It employs around 2,500 journalists and 600 photojournalists in about 200 locations worldwide writing in 16 languages.

Reuters

Andrew Thomas is a reporter for NTD News primarily covering business, the economy, and technology. 

Andrew Thomas

Science &amp; Tech

NASA Reverses Evacuation Alert Order for Astronauts Aboard Space Station

Rudy Blalock is a Southern California-based daily news reporter for NTD. Originally from Michigan, he moved to California in 2017 and the sunshine and ocean have kept him here since. In his free time, he may be found underwater scuba diving, on top of a mountain hiking or snowboarding, or at home meditating—which helps fuel his active lifestyle.

Rudy Blalock

8 Dead After B-52 Bomber Crashes at Edwards Air Force Base in California

Ohio

At Least 12 People Shot at Ohio Festival, Search for Suspects Ongoing: Police

Daniel Monaghan is a reporter for NTD News covering culture, social issues, and education. He holds a BA in Political Science and Government.

Daniel Monaghan

Epoch Times Obtains Over 2,000 Unseen Tiananmen Square Photos on 37th Anniversary of the June 4th Massacre

US Embassy in Israel Issues Travel Alert for Much of Middle East

Los Angeles Warehouse Fire Prompts Shelter-in-Place Orders

Label

Live

NTD+ Live

NYC Firm Hosts Book Party on Investing in Critical Minerals Beyond Beijing’s Reach

'Mineral War' Author on China's Rise, Global Response

China’s Long Arm on American Soil

Special Reports

Global Trade Under the Shadow of the 1989 Tiananmen Massacre

How Americans View China and Chinese ‘Elections’: Special Report

Countering Communism in US With Memorial for Its Victims

US Funding Chinese Communist Party Economic Growth: Experts

China's Artistic Censorship Aimed at Americans: Browde

Taiwan 2024 Special Election Coverage: China in Focus

Expert: Why Social Media Apps Are 'Legal Malware'

A new currency is rising on the global stage. For the first time, the Chinese yuan overtook the U.S. dollar for international trade in March.

Based on data from the State Administration of Foreign Exchange, cross-border payments and receipts in yuan rose to a record $550 billion in March from $434 billion a month earlier.

Other calculations show the yuan was used in over 48 percent of all cross-border transactions. That's up from nearly zero in the year 2010.

On the other hand, the U.S. dollar clocked in at close to 47 percent, dropping from 83 percent in 2010.

The currency's boost reflects long-time efforts by Beijing to internationalize the currency.

The numbers come from mainland China and Hong Kong’s capital markets. They don't represent transactions used by the rest of the world. Its use in global trade remains low, though it has shown steady increases.

Programs

trade

Videos

yuan

dollar

Latest Clips

Latest and breaking news, documentaries, movies, and lifestyle content on NTD+.
 
Empower your knowledge and elevate your spirit with NTD+, your go-to destination for truthful news, insightful documentaries, and captivating lifestyle content that enriches your life.

China’s Yuan Overtook Dollar for International Trade in March

DeSantis Urges More Cooperation With Japan, South Korea, Leaving China, Taiwan out of His Asia Trip

Politics

Rapper Pras Michel Convicted in Conspiracies to Influence US Government

Nuclear Threats From Asia a Serious Risk: Morse Tan

China in Focus Full Broadcast (April 26)

Eva Fu is a New York-based writer for The Epoch Times focusing on U.S. politics, U.S.-China relations, religious freedom, and human rights. Contact Eva at eva.fu@epochtimes.com