China hints at its asymmetric warfare system aimed to dethrone US dollar ...News

Russia Today - Economy
China hints at its asymmetric warfare system aimed to dethrone US dollar
source : Russia Today ( News ) () 202
For Beijing, it’s not so much about replacing the greenback within the current system but creating an entirely separate alternative Barely a day goes by without a headline about the Chinese yuan gaining further traction in global trade. As de-dollarization gains steam, the currency of the world’s second largest economy has been thrust into the spotlight. The dollar paradigm assumes any serious currency must be supported by a framework of full financial liberalization and open and deep capital markets. The greenback’s extensive liquidity is also underpinned by massive US deficits – dollars flowing out to the world

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