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China might be able to force a switch to the Renminbi simply by virtue of their GDP. First as a medium of exchange (which they're doing), then as a reserve curr
by ethbr0 4y ago
China might be able to force a switch to the Renminbi simply by virtue of their GDP. First as a medium of exchange (which they're doing), then as a reserve currency.
But having people willingly adopt it?
If people are unsatisfied with the USD in specific ways, how would those specific ways be better using the RMB?
It'd be pretty shortsighted to complain about US financial manipulation or use of currency to further political goals... and then jump in mainland China's pool!