China Drops Below Canada as Currency Trading Plunges by 12.3%

China Drops Below Canada as Currency Trading Plunges by 12.3%
New yuan banknotes are seen on a table at a bank counter in Hangzhou in China's eastern Zhejiang Province on Aug. 30, 2019. STR/AFP via Getty Images
Chriss Street
Updated:
News Analysis

China’s volume of international transactions that cleared in its own yuan currency tumbled on fading confidence in its financial stability by 12.31 percent in October 2019.