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.
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.
htan@insider.com (Huileng Tan), Business Insider
Mon, 07/31/2023 - 2:29am
Topics: fortress china. fortress china death of the dollar? images the us npr the washington post russia brazil west president xi jingping prc rory green ts lombard xinhua central bank argentina people's daily the chinese communist party-linked global times swift stanford niall ferguson cnbc chinese-state liqing zhang central university finance economics securities times fed business insider xi jinping state us june insider beijing xi chinese communist party october april july chinese zhang zhang yuan currency replace media internationalization reserve world told euro play vision international called touted role wrote system currencies rise outlets necessarily warning coverage financial dominant view dominance emerging calling sanctions rational reported contender top call nations share openly piece analysts transactions years orderly committed added congress key include
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