More countries prefer to borrow RMB instead of US dollars: lower costs, bigger investments
by Inside China Business [12-26-2026].
More countries are converting their USD-denominated loans into RMB debt.
Borrowers of Chinese renminbi pay less than half in interest charges, compared to US dollar loans.
China's massive Foreign Direct Investments across Asia, Africa, and even Europe are also important drivers of de-dollarization, as large new pools of offshore RMB are available for borrowing and loan repayments.
Closing scene, Bank of Hong Kong, HK
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