In a recent global survey of 1,660 enterprises, many respondents said their trading partners were unwilling to use the ...

The Chinese currency is on track to become more important globally, but is unlikely to challenge the dollar anytime soon THE Chinese economy is now the world’s second largest and a key driver of ...

As restrictions on cross-border capital mobility are removed and the currency becomes freely convertible, the renminbi will also become a viable reserve currency.­ However, the limited financial ...

capital controls and convertibility concerns as well as the managed exchange rate regime of the renminbi should provide disincentive for reserve managers to allocate currency holdings toward ...

China has stepped in as a driver of de-dollarization, aiming to position its renminbi as a reserve currency. Although central banks have increased their renminbi holdings, the currency’s share ...

Campanella, Edoardo, and Meg Rithmire. "What Future for the Renminbi in the Global Monetary System?" Chap. 7 in U.S.-China Relations for the 2030s: Toward a Realistic Scenario for Coexistence, edited ...

The RMB’s inclusion in the SDR supports China’s efforts to reduce the world’s dependence on the US dollar as the default reserve currency “The inclusion into the SDR is a milestone in the ...

In response to the rising influence of U.S. dollar-pegged cryptocurrencies, a Chinese Communist Party-backed publication ...