US EditionDigital Renminbi viewed as "strategic weapon" for accelerating downfall of US dollar hegemony
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Digital Renminbi viewed as "strategic weapon" for accelerating downfall of US dollar hegemony
In this briefing:A chorus of Chinese economists says Trump's Liberation Day tariffs are accelerating the downfall of "US dollar hegemony."They highlight the rise in yields on US Treasuries resulting from the trade war, which will severely worsen Washington's debt woes.Some commentators view the Digital Reminbi - the Chinese central bank's blockchain-driven digital currency - as a "strategic weapon" for further driving the downfall of US dollar d…
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