Gaining traction as a trade currency in the energy sector and as an alternative to the USD in the Gulf region.

Increased use in settling oil and shipping transactions to bypass U.S. sanctions, accelerating de-dollarization trends.

Gaining influence as an alternative for global commodity settlement and bypassing the SWIFT system via CIPS and M-Bridge.

China is positioning the yuan as a gold-backed alternative to the US dollar, a strategic move to challenge the dollar's global dominance, implying a bullish outlook for the yuan's international standing.

Analysts are highly skeptical that the RMB can become a global reserve currency in the near or medium term due to major structural hurdles like strict capital controls and lack of transparency, despite its growing role in global trade.

Expected to show some appreciation against the U.S. Dollar (USD), though its strength may be uneven against other trading partners' currencies.

The Chinese RMB is being used for trade in an alternative international payment network, with final settlement in gold. This increases its global usage and importance in a de-dollarizing world.

A strong prediction was made for the CNY to appreciate significantly against the USD in 2026, based on an expected dovish US Federal Reserve chair, which could ease US-China trade tensions.

Considered a major macro trade, with a bull case that the 'deeply undervalued' currency could appreciate significantly, making Chinese assets more valuable in dollar terms.

China is seen as actively pursuing a policy of devaluing its currency against real assets, particularly gold, to stimulate its economy and solve internal debt problems.