China in the World cover image

The China Policy George W. Bush Handed to Barack Obama

China in the World

00:00

The Slow but Steady Movement Away From the Dollar

There is an organic and slow but steady movement away from the dollar. It's hard to do it justice, but it's something that I know Treasury and others are focused on. The pullback of American banks has made them less interested in being in emerging world. Chinese banks have filled that vacuum by bringing R&B-denominated financial activity into those economies.

Transcript
Play full episode

The AI-powered Podcast Player

Save insights by tapping your headphones, chat with episodes, discover the best highlights - and more!
App store bannerPlay store banner
Get the app