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As the article mentions, most of the emerging economies that are starting to be affected more by the yuan than the dollar are in East Asia. That only makes sens
by endersshadow 14y ago
As the article mentions, most of the emerging economies that are starting to be affected more by the yuan than the dollar are in East Asia. That only makes sense, anyway. The dollar isn't being displaced as a key currency, it's losing some prominence in emerging markets--which, if they're ever to emerge, will float freely, anyway. It's exactly what you'd expect.
- bduerst 14y agoShanghai is also poised to replace Singapore as the Financial hub of the east.