5min chapter

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China's Plan to Decouple From the US Dollar | Diana Choyleva & Dinny McMahon

Hidden Forces

CHAPTER

Will China Succeed?

Danny Cevallos: The only way to get things right is to think comprehensively through the economic political and geopolitical angle. He says that for China to become the consumer anchor of its currency sphere of influence, it does need to change the way its economy is run. But they want to do it in a way which is very Chinese or Chinese in the Chinese Communist sense which is to have full control over all of it, he adds. And what I genuinely wonder is if many people out there who have felt that we're going to live in a Chinese century have dramatically underestimated the complexity of doing this - Cevallos.

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