China is developing a central bank-backed digital yuan, while the United States is still considering how to proceed. Photo: Reuters China is developing a central bank-backed digital yuan, while the United States is still considering how to proceed. Photo: Reuters
China is developing a central bank-backed digital yuan, while the United States is still considering how to proceed. Photo: Reuters
Neal Kimberley
Opinion

Opinion

Macroscope by Neal Kimberley

Biden’s America will be playing catch-up as China’s economy leaps forward

  • The pandemic might well bring forward the date at which China will overtake the US economy. Meanwhile, Trump’s policies are leaving Biden with a lot of diplomatic relationships to repair, even as Beijing pulls ahead with the RCEP and financial reform

China is developing a central bank-backed digital yuan, while the United States is still considering how to proceed. Photo: Reuters China is developing a central bank-backed digital yuan, while the United States is still considering how to proceed. Photo: Reuters
China is developing a central bank-backed digital yuan, while the United States is still considering how to proceed. Photo: Reuters
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Neal Kimberley

Neal Kimberley

UK-based Neal Kimberley has been active in the financial markets since 1985. Having worked in sales and trading in the dealing rooms of major banks in London for many years, he moved to ThomsonReuters in 2009 to provide market analysis. He has been contributing to the Post since 2015 and writes about macroeconomics from a market perspective, with a particular emphasis on currencies and interest rates.