How China opened the door to creating a direct rival to US payment systems

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Source: South China Morning Post
Published: 2026-03-19 13:00 UTC+10:00
Section: General
Factuality Score: 92
Opinion Category: Neutral
Topics: Business, Asia, Economy & Finance, China, Business & Economy, Asia Pacific
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Snippet:
Beijing has removed several key restrictions on its payment system, allowing it to expand beyond yuan settlements, economist says
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