China must decouple from US economic policy. Shadowing the dollar is a sham and must be avoided at all costs, especially while America sets the bar higher on US interest rates. Photo: Reuters
China must decouple from US economic policy. Shadowing the dollar is a sham and must be avoided at all costs, especially while America sets the bar higher on US interest rates. Photo: Reuters
David Brown
Opinion

Opinion

Macroscope by David Brown

Why the US dollar still reigns supreme and how the renminbi can knock it off its throne

David Brown says there are signs that the US dollar’s dominance as a reserve asset is on the wane but, for the renminbi to fill the gap, China must run a truly independent foreign exchange and monetary policy

David Brown
David Brown

Updated: 10:38pm, 8 Oct, 2018

Why you can trust SCMP
China must decouple from US economic policy. Shadowing the dollar is a sham and must be avoided at all costs, especially while America sets the bar higher on US interest rates. Photo: Reuters
China must decouple from US economic policy. Shadowing the dollar is a sham and must be avoided at all costs, especially while America sets the bar higher on US interest rates. Photo: Reuters
READ FULL ARTICLE