07 Jan Chinese Yuan Set To Replace US Dollar(AsiaNews)
Chinese Yuan Set To Replace Dollar
Maurizio d'Orlando
Beijing has launched the experiment of using the yuan as a reserve currency in relations with 8 countries. Chinese exporters are asking to charge in yuan instead of dollars, because the U.S. currency is losing value. But China needs to revise its model of development, too much inspired by eighteenth century mercantilism.
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