The USA is going crazy with debt and money printing - but who wants to hold their wealth in Chinese RMB??
EVERYTHING in China is subject to CCP politics. I would never keep my money in Chinese control.
Also, China runs a mercantilist economy. It can’t be a major reserve currency across the globe unless it puts money out into the world - Triffin’s dilemma
It might play some larger role as a reserve currency, but it is very limited.
Hmmm, talking like that has caused your social credit score to be decremented.
If they announce a gold based yuan, and priced gold at a ridiculous price, the US would be in trouble in about a week.
I could see it as one of the major asian reserve currencies, under/less than the japanese yen, because its commies, and they’ve been known to cheat with gold bars filled with tungsten, crap like this.
Not a world currency.
Only way that can happen is if we don’t exist.
I wish nothing bad to the Chinese people....their leaders, like our leaders, are evil.