Will China succeed in push to boost yuan’s global status? Related news

Federaţia Rusă

Market observers describe the effort as a geopolitical hedge as much as an economic initiative, designed to reduce dependence on Western financial infrastructure ISTANBUL As China intensifies its campaign to elevate the yuan to global reserve status, questions prevail over whether structural limits could keep the currency from challenging the dominance of the US dollar anytime soon. Chinese President Xi Jinping renewed the strategic push in a February article in Qiushi, the Communist Party’s

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