Jeffrey Sachs has been predicting the US dollar’s demise for years. Photo: EPA-EFE

China’s yuan is 10 years from ending US dollar hegemony, says economist Jeffrey Sachs

  • Jeffrey Sachs predicts a multicurrency world in the future, with the yuan and other currencies a decade away from an even keel with the US dollar
  • Yuan lags well behind other international currencies in use and convertibility, with analysts sceptical of whether Sachs’ comments are viable
Topic |   China economy

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Jeffrey Sachs has been predicting the US dollar’s demise for years. Photo: EPA-EFE
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Karen Yeung

Karen Yeung

Karen Yeung joined the Post in 2017 after more than 15 years' experience on global newswires in Hong Kong and Shanghai. She spent eight years in Shanghai and has received awards for best feature, analysis and agenda-setting.