10min chapter

The China-Global South Podcast cover image

Michael Pettis Explains How China's Changing Economy Will Impact the World

The China-Global South Podcast

CHAPTER

The Challenges of De-dollarization and the Role of the RMB

This chapter explores the challenges faced by developing countries with a weakening currency and the potential for de-dollarization. It discusses the internationalization of the RMB and the reasons why the US dollar is the dominant reserve currency, emphasizing the importance of safe and transparent governance.

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