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Does China need world-leading forex reserves? Globalising yuan revives debate

Summary by South China Morning Post
As Chinese currency ‘becomes more adopted globally’, report says it can replace many functions of a foreign exchange stockpile.

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Does China need world-leading forex reserves? Globalising yuan revives debate

As Chinese currency ‘becomes more adopted globally’, report says it can replace many functions of a foreign exchange stockpile.

·Hong Kong
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South China Morning Post broke the news in Hong Kong on Sunday, March 22, 2026.
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