https://www.live-feeds.com/feed/the-world-s-second-largest-economy-just-decided-with-one-of-its-top-african-partners-to-do-away-with-the-use-of-the-us-dContinuously updated, source-cited coverage. https://www.live-feeds.com/feed/the-world-s-second-largest-economy-just-decided-with-one-of-its-top-african-partners-to-do-away-with-the-use-of-the-us-dhttps://www.live-feeds.com/feed/the-world-s-second-largest-economy-just-decided-with-one-of-its-top-african-partners-to-do-away-with-the-use-of-the-us-d#u58639Sun, 06 Sep 2026 01:35:17 +0000China and Egypt have decided to do away with the use of the US dollar in their transactions, marking a significant shift in their economic relationship. This move is part of China's efforts to expand its influence in the Middle East and challenge US dominance in the region. The development comes as Chinese President Xi Jinping visits Egypt, his first stop on a rare foreign trip.Why it mattersChina's push to reduce reliance on the US dollar is part of its broader strategy to promote the use of its own currency, the yuan, in international transactions. Egypt, one of China's top Af