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Keith Preston on China's yuan taking on the US dollar

News Sight

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The Chinese Government's Goal Is to Become a Legitimate Rival to the US Dollar, the World's Reserve Currency

Do you expect the Chinese government to effectively promote the wand so that it does come to be a legitimate rival, not just a theoretical one, to the US dollar? Or do you think that it's too tall a task? What do you expect to see here? Well, I think it's clearly something that they want to achieve and are striving for. Now, whether they can do that is a separate question.

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