The Yuan's Assault on the Dollar
Mădălin Mihai
The geopolitical and economic storm that is shaping up around the US dollar is taking on unexpected proportions after the recent summit of the Shanghai Cooperation Organisation (ed. - Shanghai Cooperation Organisation - SCO), which took place last week in Tianjin, China. What seemed like a risky game by Donald Trump, intended to constrain China through sanctions and pressure on European partners, is turning into a chain of reactions that are shaking the foundations of the global financial order.
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