Why Kenneth Rogoff thinks China’s yuan will be a reserve currency ‘in the next 5 years’ | SCMP
Read the entire article @ SCMP. Below is a short summary of his core arguments:
The 5-Year Prediction for the Yuan
Rogoff predicts the Chinese yuan will become a vital global reserve currency within the next five years. He notes a pivotal shift in China’s leadership, where President Xi Jinping has now explicitly empowered technocrats to move away from US dollar dependency.
References
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