Could the Chinese Yuan Ever Replace the US Dollar?
Big Take
The Yuan vs. The Dollar: A Currency Conundrum
This chapter explores the potential shift from the US dollar to the Chinese yuan as the world's reserve currency, highlighting issues of currency manipulation and complex US-China trade relations. It examines the implications for American manufacturers, the effects of the 2008 financial crisis on both economies, and the challenges in maintaining the dollar's dominance amidst evolving global economic dynamics.
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