_china-aims-to-boost-yuan39s-international-use-to-counter-potential-western-sanctions.jpg "China Aims to Boost Yuan's International Use to Counter Potential Western Sanctions from how use breakout rooms Video Screenshot Preview")
GalleryPlay Video:
(Note: The default playback of the video is HD VERSION. If your browser is buffering the video slowly, please play the REGULAR MP4 VERSION or Open The Video below for better experience. Thank you!)
⏲ Duration: 0:38
👁 View: 150K times
✓ Published: 31-May-2024
👁 View: 150K times
✓ Published: 31-May-2024
Description:
China is pushing for more international use of the yuan to reduce the impact of potential Western sanctions, such as in a military conflict over Taiwan. Expanding yuan use in trade is less challenging than making it a major global reserve currency, according to a researcher. Countries are diversifying from dollars due to fears of being cut off from the financial system by sanctions like Russia. A lack of yuan-denominated risk-free assets closed capital markets, and a preference for one-man rule hindered the yuan's replacement for dollars. A recent global survey found little interest in yuan use for trade due to a lack of trading partner acceptance.
China is pushing for more international use of the yuan to reduce the impact of potential Western sanctions, such as in a military conflict over Taiwan. Expanding yuan use in trade is less challenging than making it a major global reserve currency, according to a researcher. Countries are diversifying from dollars due to fears of being cut off from the financial system by sanctions like Russia. A lack of yuan-denominated risk-free assets closed capital markets, and a preference for one-man rule hindered the yuan's replacement for dollars. A recent global survey found little interest in yuan use for trade due to a lack of trading partner acceptance.
Share with your friends:
Whatsapp | Viber | Telegram | Line | SMS
Email | Twitter | Reddit | Tumblr | Pinterest
Related Videos
_how-to-use-zoom-breakout-rooms-in-6-mins-full-demo-124-complete-tutorial-for-beginners.webp "Dorothy Tutorials")
⏲ 6 minutes 54 seconds 👁 41.1K
_how-to-use-breakout-rooms-in-microsoft-teams.webp "Microsoft Education")
_investing-reimagined-in-an-ai-world.webp "This conversation between investing industry experts looks at how AI will upend the industry and what opportunities it presents for savvy professionals. This conversation took place at Imagination In Action’s ‘Forging the Future of Business with AI’ Summit in April 2024. <br/><br/>Subscribe to FORBES: https://www.youtube.com/user/Forbes?sub_confirmation=1<br/><br/>Fuel your success with Forbes. Gain unlimited access to premium journalism, including breaking news, groundbreaking in-depth reported stories, daily digests and more. Plus, members get a front-row seat at members-only events with leading thinkers and doers, access to premium video that can help you get ahead, an ad-light experience, early access to select products including NFT drops and more:<br/><br/>https://account.forbes.com/membership/?utm_source=youtube&utm_medium=display&utm_campaign=growth_non-sub_paid_subscribe_ytdescript<br/><br/>Stay Connected<br/>Forbes newsletters: https://newsletters.editorial.forbes.com<br/>Forbes on Facebook: http://fb.com/forbes<br/>Forbes Video on Twitter: http://www.twitter.com/forbes<br/>Forbes Video on Instagram: http://instagram.com/forbes<br/>More From Forbes:http://forbes.com<br/><br/>Forbes covers the intersection of entrepreneurship, wealth, technology, business and lifestyle with a focus on people and success.")
_how-to-use-breakout-rooms-in-microsoft-teams.webp "Leila Gharani")
_how-to-use-zoom-breakout-rooms-in-6-mins-full-demo-124-complete-tutorial-for-beginners.jpg)
_how-to-use-breakout-rooms-in-microsoft-teams.jpg)
_investing-reimagined-in-an-ai-world.jpg)
_how-to-use-breakout-rooms-in-microsoft-teams.jpg)
![[+]](/images/menu.gif){kind=small}