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Why China Is Stuck with the US Dollar
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Corporate Editor
Forschungsinstitut der Deutschen Gesellschaft für Auswärtige Politik e.V.
Abstract Looking at Russia's experiences with Western sanctions, China is even more eager than before to reduce its dependence on the US-dominated international financial and currency regime. To that end, it is promoting the renminbi as an international currency. Success, however, has been limited. To do bet... view more
Looking at Russia's experiences with Western sanctions, China is even more eager than before to reduce its dependence on the US-dominated international financial and currency regime. To that end, it is promoting the renminbi as an international currency. Success, however, has been limited. To do better, Beijing would have to implement reforms that are economically very risky.... view less
Keywords
China; United States of America; currency policy; currency; dependence
Classification
Economic Policy
Free Keywords
US-Dollar
Document language
English
Publication Year
2022
City
Berlin
Page/Pages
3 p.
Series
DGAP Commentary, 1
ISSN
1864-3477
Status
Published Version; reviewed
Licence
Creative Commons - Attribution-Noncommercial-No Derivative Works 4.0