China's Yuan Strategy Faces Hurdles as Trade Partners Remain Skeptical

Tuesday, 28 May 2024, 22:00

The latest Cross-Border Yuan Insight report indicates that China's initiative to challenge the US dollar's supremacy encounters obstacles with trade partners due to exchange-rate uncertainties and cross-border capital flow restrictions. Despite Beijing's efforts, the survey suggests that policy and market risks remain beyond control, hindering the yuan’s global acceptance.
https://store.livarava.com/b8b0f071-1d40-11ef-a3de-9d5fa15a64d8.jpg
China's Yuan Strategy Faces Hurdles as Trade Partners Remain Skeptical

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.


Related posts


Newsletter

Get the most reliable and up-to-date financial news with our curated selections. Subscribe to our newsletter for convenient access and enhance your analytical work effortlessly.

Subscribe