Comment on Most of what we've heard about the yuan dethroning the dollar is from the West. Here's what China's actually said about it.

Most of what we've heard about the yuan dethroning the dollar is from the West. Here's what China's actually said about it.

China is pushing for the yuan to play a larger role in international trade but hasn't openly called for the yuan to replace the dollar as the world's reserve currency.ByoungJoo/Getty Images China wants the yuan to play a bigger global role but hasn't called for it to replace the dollar. Xi Jinping said China was committed to internationalizing the yuan "in an orderly manner." State media is touting the yuan, but one expert offered a "rational view" on de-dollarization. For months, Western headlines have been flashing warning after warning that China is pushing for its currency to replace the US dollar as the world's reserve currency of choice."The US dollar conquered the world.

 

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