The Chinese regime is accelerating its efforts to challenge the U.S. dollar’s dominance in global markets and trade by taking advantage of the economic shifts caused by the pandemic, a Chinese professor recently revealed. In the post-pandemic world, China should be the “one who decides the benchmark of value,” Di Dongsheng, associate dean of the School of International Studies at Renmin University in Beijing said in a video posted on Chinese social media on Feb. 4. “The currency that fixes the price will eventually be the renminbi.” The professor last April described the pandemic as an opportunity “unseen in 100 years” for the regime to realize its goal of making “all seven billion people in the world pay for [China].” If the Chinese yuan (or renminbi) achieves global hegemony, Beijing will be in a position to print more money to dilute the value of yuan held by the world’s population—thus …
Beijing Accelerating Plans to Replace US Dollar as World Reserve Currency: Chinese Professor
April 1, 2021
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ChinaChina-US NewsChinese RegimeChinese YuanDi Dongshengdominant currencyeconomyUSUS NewsWorld Reserve Currency
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