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China builds a global gold vault network to back the yuan

China is developing an international gold vault network to make the yuan convertible into gold.

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The fact

This initiative aims to reduce dependence on the dollar in global trade, according to S&P Global Ratings.

Beijing is accelerating its gold purchases to bolster its currency's credibility.

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Why it matters

Ce réseau pourrait modifier les équilibres du commerce international en offrant une alternative au dollar pour les transactions, notamment dans les pays partenaires de la Chine.

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Auto-synthesis from 1 media source · identified on August 27, 2026
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