China Seizes Moment to Globalize Yuan as Dollar Doubts Mount
China is launching a sweeping campaign to promote the yuan's global role, seizing what officials see as a rare strategic opening.
With the dollar facing multiple challenges, Beijing is accelerating its long-standing campaign to reduce global reliance on the world's reserve currency. What sets the latest push apart is timing: Chinese policymakers see erratic US decision-making and geopolitical tensions as the most favorable backdrop in years to promote the yuan.
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