CAUSING A

China Is Aggressively Advocating For

China is aggressively advocating for the Chinese yuan to replace the US dollar in trade between BRICS member countries and their global partners. Under the

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China Dominates Brics Reserves But

China dominates BRICS reserves but lacks the willingness to globalize the yuan, due to the need for strict currency controls and export competitiveness. Surplus-heavy

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It Would Take Years For

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It would take years for the yuan to unwind the dollar’s well-entrenched dominance over global transactions. Now that Washington and Beijing have reached a

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