China is seizing an opportunity to challenge American dominance in global finance and exert greater international influence at the expense of the all-powerful US dollar.
Xi Jinping has called for the renminbi to become a global reserve currency, in some of his clearest comments on his ambitions ...
bne IntelliNews on MSN
Xi calls for renminbi to become a global reserve currency
By Ben Aris in Berlin President Xi Jinping issued his strongest call yet for China’s renminbi to become a global reserve ...
Xi Jinping pushes renminbi as a global trade and reserve currency; learn what reforms, market shifts and risks mean for ...
GZERO Media on MSN
Is China’s currency coming for the US dollar?
On Saturday, Chinese President Xi Jinping made it public: he wants the renminbi, China’s currency, to replace the dollar as the global reserve currency. But is this even possible?
The internationalisation of the renminbi has been held back by the Chinese government’s aversion to risk, says an economist, ...
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