x     China’s President Xi Jinping has called for the renminbi to achieve global reserve currency status, “a powerful currency” according to remarks published on Saturday in Qiushi, the Chinese Communist Party’s flagship ideology journal.  The commentary, adapted from a speech Xi delivered to regional officials in 2024, defines what Beijing means by a “strong currency” in functional rather than symbolic terms. Xi stated that China needs to develop “a powerful currency that can be widely used in