BRICS Fuels Yuan Dominance: Half of China's Trade Now Settled in Chinese Yuan (RMB)

The shift away from the US Dollar is gaining momentum, particularly within the BRICS alliance. A significant milestone has been reached: approximately half of all China's trade is now settled in the Chinese Yuan (RMB). This dramatic increase underscores the growing influence of the BRICS nations and their commitment to diversifying away from traditional dollar-denominated transactions. According to a report, this trend signifies a major evolution in global trade dynamics.

Over 54 percent of China's trade is now settled in the renminbi. This surge is being driven by several factors, including increased BRICS cooperation and a conscious effort to promote the Yuan's internationalization. Other countries, particularly BRICS members, are progressively increasing their use of national currencies in trade, reducing reliance on the US Dollar.

China's foreign trade with other BRICS member countries reached 4.62 trillion yuan (648 billion U.S. dollars) in the first nine months of 2025, a year-on-year increase that demonstrates the robust economic ties within the bloc. BRICS cooperation is accelerating China’s trade growth, with trade volume reaching 4.62 trillion yuan in 2025. This growth is not just limited to traditional goods; strategic partnerships in key sectors like semiconductors and manufacturing are reshaping the trade landscape and further solidifying the Yuan's role.

China's trade with other BRICS member economies has kept expanding in the first seven months this year, which serve as a potent driving force for the recovery of the global economy. As BRICS continues to push to ditch the US Dollar in 2025, the adoption of the Yuan in international settlements is expected to continue its upward trajectory, further cementing its position as a significant player in the global financial system. This trend suggests a potential power shift and a move towards a more multi-polar financial world.