![African banks set up shop in China as Beijing pushes for yuan to eclipse US dollar African banks set up shop in China as Beijing pushes for yuan to eclipse US dollar](https://news.charm-retirement.com/wp-content/uploads/2024/12/1972dff9-f49d-44d8-951f-2af7620f67b9_fea307f4-600x400.jpg)
African banks set up shop in China as Beijing pushes for yuan to eclipse US dollar
Africa’s top lenders are opening branches in major Chinese cities in a race to tap into growing trade ties between China and Africa amid Beijing’s push for yuan-based transactions. This is despite threats from the US, where president-elect Donald Trump has said he will impose 100 per cent tariffs on Brics countries that pursue de-dollarisation….