... Shenzhen, Suzhou, Chengdu as well as at the 2022 Winter Olympics venues.
Additionally, China’s proactive plans for launching the world’s first digital currency can be explained by the Chinese authorities willing to make up for the marginal use of the yuan in international finance. Clearly, the share of the Chinese yuan in various sectors of the global financial market—the foreign exchange market, the lending market, the stock market, the investment market—is significantly below China’s status as the world’s largest ...
... follows that the dollar will eventually be replaced by the yuan, the currency of the new global economic and financial leader (China). Will Beijing manage to build its own system of global institutions, one that is capable of internationalizing the yuan and competing against the U.S. currency when it comes to servicing global flows of commodities and finance? In order to answer this question, we need to look at the trends of the global financial architecture as it stands today and identify the strengths and weaknesses of the U.S. and Chinese financial systems.
Igor Ivanov:
The Belt and Road Initiative: ...
... of transactions) in yuan will end up being profitable for importers.
Short-Term vs. Long-Term Interests
REUTERS/Aly Song
Kazushige Kobayashi, Manuel A.J. Teehankee:
The AIIB’s Launch Sets the Stage for Supply-
Side Competition in Development Finance
Despite the unprecedented devaluation, it is still too early to talk about a return to the policy of having an undervalued yuan. Representatives from the People’s Bank of China have talked about the prospects of the yuan’s appreciation in the near future. The
significant currency reserves
, along with the trade surplus and stable fiscal position, are designed ...
