Renminbi rising: China’€™s “€˜de-Americanized world”€™ taking shape?

Renminbi rising: China’€™s “€˜de-Americanized world”€™ taking shape?

China’€™s leadership will soon usher in bold reforms to support a domestic consumption-driven economic model, and globalizing the renminbi as an alternative store of wealth to the US dollar is at the center of the strategy. The scathing commentary published by China’s state-owned Xinhua news agency calling for a “de-Americanized world” was undoubtedly music to the ears of many in the developing world.

60
Like
Save