China is seizing an opportunity to challenge American dominance in global finance and exert greater international influence ...
Xi Jinping has called for the renminbi to become a global reserve currency, in some of his clearest comments on his ambitions ...
The ongoing trade tensions between the United States and China are playing out throughout different forex markets as the dollar continues to lose value. But is a strengthened renminbi in China’s ...
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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?
Image — An outdoor electronic screen shows the central parity rate of the Chinese currency renminbi against the US dollar, pictured April 2025 in Shanghai, China. (Photo by VCG/VCG via Getty Images) ...
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