A teller counts 100 yuan bills at a bank in Nantong, eastern Jiangsu province, on February 1. Photo: Imaginechina
A teller counts 100 yuan bills at a bank in Nantong, eastern Jiangsu province, on February 1. Photo: Imaginechina
David Brown
Opinion

Opinion

Macroscope by David Brown

Why China’s yuan still has work to do to oust US dollar as world’s reserve currency

  • If Beijing wants to win wider confidence in the yuan, it has a major hearts and mind campaign on its hands to shore up its currency’s appeal
  • The crackdown on China’s hi-tech sector will not help in the short term but, with market-friendly policies in place, the yuan’s future looks bright

A teller counts 100 yuan bills at a bank in Nantong, eastern Jiangsu province, on February 1. Photo: Imaginechina
A teller counts 100 yuan bills at a bank in Nantong, eastern Jiangsu province, on February 1. Photo: Imaginechina
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