China has completed its first outbound digital yuan payment to Malaysia, settling a 43,000 yuan (US$6,360) shipment of fresh durian, as Beijing accelerates efforts to build a cross-border clearing network in Southeast Asia outside the Society for Worldwide Interbank Financial Telecommunication (Swift) system. The transaction, executed by China Construction Bank’s (CCB) Xiamen branch in coordination with its Labuan branch in Malaysia, enabled a local importer to pay directly in e-CNY, China’s...