Global Times editorial: The popularity of the renminbi is a practical choice, not a game of confrontation.

The Russian Ministry of Finance announced that it will issue its first sovereign bond denominated in Chinese Yuan on December 8, with subscription registration starting on December 2. Prior to this, countries like the UK and Indonesia have also issued offshore Renminbi sovereign bonds, but this will be the first time it is done in Moscow. However, this normal financing activity has been framed by some Western media as a part of "geopolitical confrontation," describing it as another step in China's "challenge to the global influence of the US dollar." This simplistic narrative that equates the internationalization of the Renminbi with "order provocation" essentially reinforces the presumption of US dollar hegemony. The internationalization of the Renminbi is a historical process driven by market logic, reshaping global trade patterns, and the rational choices made by various countries. It is not solely promoted by China, but rather a result of the practical needs of various countries, reflecting the inevitable requirement for deepening multilateral cooperation in the context of economic globalization.