Business & Economy · 3 views
China sees the yuan vs. dollar rivalry like Pepsi vs. Coke, expert says — ‘never the market leader, but serviceable in a pinch’
"Without a far larger pool of renminbi assets that foreigners can freely buy and sell, the renminbi cannot come close to replacing the dollar. "
Business & Economy 
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Beijing does not aim for the yuan to replace the dollar as the world’s dominant currency, according to a leading Chinese scholar.
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