In another step forward, the ICBC has established a yuan-clearing bank in Pakistan. This reflects the Chinese currency's rapid internationalization amidst global de-dollarization efforts. You can imagine a growing potential for the yuan, especially within offshore markets, given China's economic prowess and its Belt and Road Initiative partnerships. This, coupled with the recent opening of a yuan-clearing bank in Laos and 31 others across 29 countries, draws the lines of the Yuan's offensive.