For the first time since the end of World War II, the dollar is no longer seen as the sole and undisputed foundation of the international economy. It is not yet a collapse. But it is a gradual erosion of confidence that is spreading from the world’s largest economies to the central banks of emerging …
Category: China
proposed fiscal policies about china
China’s $1.2 trillion trade surplus & EU’s industrial decline are pushing the euro aside and the yuan is taking its place
Despite the undisputed dominance of the US dollar in the international financial system, developments in recent years have intensified discussions about the de-dollarization of the global economy. And while the dollar still holds the top spot by a wide margin, a new question is gaining increasing importance: can the Chinese yuan overtake the euro and …
The Structural cost of the Yuan’s dominance in the Global monetary system prevents China from becoming a Global leader
Chinese President Xi Jinping’s ambition to turn the yuan into a global reserve currency, potentially displacing the dollar from its hegemonic position in the international monetary system, has been a hot topic of discussion in recent years. As The Liberal Globe, we have reported on the questioning of the dollar system both because of its …
Innovation, Green Technologies & resource transfer to high-tech production make China a Global leader in the Economy
The global economy is currently witnessing one of the most fundamental structural shifts in recent decades, taking place at the heart of the Asian market. As the world’s second-largest economy redefines its strategy, the dynamics of international trade and industrial production are changing. At the recent China Development Forum in Beijing, the message was clear: …