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.
Leonardo Dinic NYU Alumnus
May 26 , 2020
China’s digital yuan development program could eventually undermine the dollar’s global primacy in international trade. Its implementation would spark discussion surrounding the overall utility of current global trade relationships under a single reserve currency.
Ben Reynolds Writer and Foreign Policy Analyst in New York
Feb 28 , 2019
In a rare harmony of interests, both China and the United States are pushing to stabilize the yuan. What remains to be seen is how this hypothetical agreement will bear on China’s long-term journey toward the yuan becoming one of the world’s principal reserve currencies.
John A. Mathews Professor, Macquarie Graduate School of Management in Sydney
Mark Selden Senior research associate, Cornell University
Dec 04 , 2018
China’s oil futures contracts could help internationalize the renminbi and undercut the US dollar.
Deborah Elms Executive Director and Founder of the Asian Trade Centre
Sep 11 , 2018
Some observers worry the Chinese government will use devaluation of the yuan as a weapon in the trade war. It won’t.