In a world where the US dollar dominates, China must strike back by enhancing the yuan’s international appeal (South China Morning Post)

  • Washington has the dollar and powerful legislation at its disposal, and can make life difficult for countries just by denying them access to the US financial system
  • Beijing needs to step up the pace of RMB internationalisation, to mitigate the risks to the Chinese economy

https://www.scmp.com/comment/opinion/article/3035278/world-where-us-dollar-dominates-china-must-strike-back-enhancing

Neal Kimberley

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