the_messenger
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It infact affect many things.I merely mentioned what was given in the OP, that shows just how insignificant the percentage of global transactions are conducted in Yuan. CIPS will not affect that conclusion either.
First, you have to know the number percentage of trade of China to global trade which in 2020 is 15%
You use the number from the report to divide it in two 7.5 %
You then double it since one has to spent it and one has to accept it, the number suddenly come close to 15% using the percentage since 2020.
And suddenly we have a different number.
But everything is so insignificant =))
It's good for China that people thing her is so insignificant.
And that's 2020, even before Putin war, hell, I have not a slightest desire to search for updated number