China’s influence is rapidly expanding its economic and trade across Central Asia, with growing business ties, major infrastructure and energy investments in countries like Kazakhstan and Uzbekistan.
The Chinese yuan is making gains on the US dollar in Central Asia as a form of payment in commercial transactions. For example, the volume of trade in the Chinese yuan/Kazakh tenge (CNY/KZT) forex pair in Kazakhstan’s spot foreign exchange market gre… [7972 chars]
Source: OilPrice | Published: 2025-12-23T18:00:00Z
Credit: OilPrice
