Christopher A. McNally, Professor of Political Economy, Chaminade University
Feb 20, 2022
China’s digital yuan soft launched during the Beijing Winter Olympics, ushering in a new era of financial institutions. Already a leader in digital payment infrastructure, China’s ambition to solidify the digital yuan’s use will change how an already robust ecosystem operates.
Shang-Jin Wei, Professor, Finance and Economics at Columbia University
May 12, 2021
While many central banks are still investigating the possibility of issuing a digital currency, China has rolled out a digital currency via a series of pilot programs since last year.
Christopher A. McNally, Professor of Political Economy, Chaminade University
Apr 29, 2021
China is working to assert itself as a global leader in digital currency through the implementation of the digital yuan. The results of this could unravel the global financial system at worst, but at best, could establish a global infrastructure with equal monetary anchors.
Christopher A. McNally, Professor of Political Economy, Chaminade University
Mar 03, 2021
China’s state-backed digital currency has the potential to reshape global financial markets and could revolutionize money for good.
Joel A. Gallo, CEO, Columbia China League Business Advisory Co.
Nov 10, 2020
The People’s Bank of China is pressing forward with a digital yuan, which leaves China’s digital currency plans significantly ahead of western nations’. While the U.S dollar has dominated global trade since WWII, the yuan, whether digital or analog, will have a leading role in challenging the hegemony of the dollar.
Yu Yongding, Former President, China Society of World Economics
Sep 12, 2019
In early August, the renminbi’s exchange rate broke through the psychological threshold of CN¥7 per US dollar. While investors were still digesting the full significance of this event, US President Donald Trump’s administration startled the market by labeling China a “currency manipulator.”
Zhang Monan, Senior Fellow, China Center for International Economic Exchanges
Aug 19, 2019
The labeling of China as a currency manipulator by the United States is not only an incorrect assessment of the current economic situation, but also poses a significant threat to the future of the world economy.
Aug 06, 2019
A yearlong U.S.-China trade war boiled over on Monday as Washington accused Beijing of manipulating its currency after China let the yuan drop to its lowest point in more than a decade.
Christopher A. McNally, Professor of Political Economy, Chaminade University
Mar 07, 2019
The issue of currency manipulation remains one of the thorniest issues to be hammered out during the final rounds of US-China trade talks. So far, negotiations have not reached consensus on a mechanism for dispute resolution that could satisfy both sides.
Yu Yongding, Former President, China Society of World Economics
Mar 01, 2019
China must think twice before accepting the U.S. request to stabilize the renminmi.