The value of the Chinese yuan has been declining continuously in recent months after the country’s reopening from COVID lockdowns, and the Central Bank of China during its Q2 meeting dropped any reference to “enhancing the flexibility of the Chinese yuan exchange rate.” According to a financial expert, the Chinese regime is currently in a…
China’s ‘De-dollarization’ Efforts Are Part of a Strategy to Corner World Energy Markets
A longstanding plan by China and Russia to replace the U.S. dollar as the world’s reserve currency has had a string of recent headline-grabbing successes, as China methodically builds a rival monetary system that has been dubbed “Bretton Woods III.” This currency initiative is the financial component of China’s strategy to gain influence over global…
China’s ‘De-Dollarization’ Efforts Are Part of Strategy to Corner World Energy Markets
News Analysis A longstanding plan by China and Russia to replace the U.S. dollar as the world’s reserve currency has had a string of recent headline-grabbing successes, as China methodically builds a rival monetary system that has been dubbed “Bretton Woods III.” This currency initiative is the financial component of the Beijing regime’s strategy to…
China Seeks to Dethrone Dollar to Corner World Energy Markets
News Analysis A longstanding plan by China and Russia to replace the U.S. dollar as the world’s reserve currency has had a string of recent headline-grabbing successes, as China methodically builds a rival monetary system that has been dubbed “Bretton Woods III.” This currency initiative is the financial component of the Beijing regime’s strategy to…
Making (Some) Sense Out of Beijing’s Financial Positions
Analysis So much of policy coming out of Beijing these days seems contradictory, especially where financial matters are concerned. On the one side, China’s leadership has all but shut down avenues for the country’s businesses to procure foreign capital, in particular any ability of Chinese firms to float public offerings in the United States. But…
The Internationalization of Chinese Yuan Is Slow Going
Commentary China is now the world’s largest manufacturing producer, the largest exporter, and the second largest economy. And yet, the dollar, not the Chinese yuan, is the global currency of choice. In fact, the dollar is the most commonly used currency for trading with China. The roles played by China and the United States in…
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