Dollar vs. yuan: How China's currency could gain among global reserves - Markets Insider
3/26/2022 12:00:00 AM3 years 1 month ago
by Phil Rosen
by Phil Rosen
"But whether the yuan could be perceived as a store of value — a safe haven during uncertainty or war — that is a much more difficult thing."
China's yuan eventually could develop into a reputable global reserve currency, but Beijing would have to drastically loosen its grip on the economy, according to a Chinese economy expert, who also s… [+3526 chars]
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