China's Yuan Strategy Faces Hurdles as Trade Partners Remain Skeptical
Tuesday, 28 May 2024, 22:00
China's Yuan Strategy Challenges
The latest Cross-Border Yuan Insight report highlights the difficulties faced by China in garnering support from its trade partners for its yuan strategy.
Key Findings:
- Obstacles: Exchange-rate fluctuations and cross-border capital flow restrictions continue to be significant hurdles.
- Risks: Policy and market risks are identified as uncontrollable factors affecting the yuan's acceptance.
Despite efforts to challenge the US dollar hegemony, Beijing faces ongoing challenges in establishing the yuan as a dominant global currency.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.