China’s De-dollarization Mechanisms within the Yuan Internationalization Strategy

RIAC Report #98 / 2024

The following report provides a detailed analysis of how the People’s Republic of China is working to strengthen its position in the global financial system by internationalizing its currency. The authors thoroughly examine the factors and strategic objectives of de-dollarization as part of the yuan internationalization process. The study outlines China’s key de-dollarization mechanisms and evaluates the yuan’s potential to become a major reserve currency. In addition, the report examines how China’s strategy affects the Russian economy, comparing Moscow and Beijing’s de-dollarization approaches, and offers recommendations for developing Russia’s de-dollarization policy

RIAC Report #98 / 2024

The following report provides a detailed analysis of how the People’s Republic of China is working to strengthen its position in the global financial system by internationalizing its currency. The authors thoroughly examine the factors and strategic objectives of de-dollarization as part of the yuan internationalization process. The study outlines China’s key de-dollarization mechanisms and evaluates the yuan’s potential to become a major reserve currency. In addition, the report examines how China’s strategy affects the Russian economy, comparing Moscow and Beijing’s de-dollarization approaches, and offers recommendations for developing Russia’s de-dollarization policy

China’s De-dollarization Mechanisms within the Yuan Internationalization Strategy, 2.8 Mb