_china-aims-to-boost-yuan39s-international-use-to-counter-potential-western-sanctions.jpg "China Aims to Boost Yuan's International Use to Counter Potential Western Sanctions from potential output Video Screenshot Preview")
GalleryPlay Video:
(Note: The default playback of the video is HD VERSION. If your browser is buffering the video slowly, please play the REGULAR MP4 VERSION or Open The Video below for better experience. Thank you!)
⏲ Duration: 0:38
👁 View: 150K times
✓ Published: 31-May-2024
👁 View: 150K times
✓ Published: 31-May-2024
Description:
China is pushing for more international use of the yuan to reduce the impact of potential Western sanctions, such as in a military conflict over Taiwan. Expanding yuan use in trade is less challenging than making it a major global reserve currency, according to a researcher. Countries are diversifying from dollars due to fears of being cut off from the financial system by sanctions like Russia. A lack of yuan-denominated risk-free assets closed capital markets, and a preference for one-man rule hindered the yuan's replacement for dollars. A recent global survey found little interest in yuan use for trade due to a lack of trading partner acceptance.
China is pushing for more international use of the yuan to reduce the impact of potential Western sanctions, such as in a military conflict over Taiwan. Expanding yuan use in trade is less challenging than making it a major global reserve currency, according to a researcher. Countries are diversifying from dollars due to fears of being cut off from the financial system by sanctions like Russia. A lack of yuan-denominated risk-free assets closed capital markets, and a preference for one-man rule hindered the yuan's replacement for dollars. A recent global survey found little interest in yuan use for trade due to a lack of trading partner acceptance.
Share with your friends:
Whatsapp | Viber | Telegram | Line | SMS
Email | Twitter | Reddit | Tumblr | Pinterest
Related Videos
_y1-15-output-gaps.webp "EconplusDal")
_actual-vs-potential-economic-growth.webp "EnhanceTuition")
_donald-trump-found-guilty-on-all-counts-in-hush-money-case.webp "Donald Trump Found Guilty, On All Counts In Hush-Money Case.<br/>The ‘New York Times’ reports that the former president has been found guilty on 34 counts <br/>of falsifying business records.<br/>The ‘New York Times’ reports that the former president has been found guilty on 34 counts <br/>of falsifying business records.<br/>This makes Trump the first U.S. president to be convicted of a felony charge. .<br/>The jury of 12 New Yorkers deliberated for over 9 hours before reaching the guilty verdict on Thursday.<br/>Trump remained unemotional after the verdict, telling reporters, “the real verdict <br/>is going to be Nov. 5, by the people.”.<br/>Trump was convicted of faking records to cover up a sex scandal that had the potential to ruin his 2016 presidential campaign. .<br/>The jury said Trump disguised hush money to porn star Stormy Daniels as ordinary legal payments to Michael D. Cohen.<br/>The jury said Trump disguised hush money to porn star Stormy Daniels as ordinary legal payments to Michael D. Cohen.<br/>The conviction calls for up to 4 years in prison, but that is unlikely.<br/>The conviction calls for up to 4 years in prison, but that is unlikely.<br/>Trump can still run for president <br/>in the 2024 election.<br/>There is nothing in the Constitution that states a felon cannot run for president. .<br/>Judge Juan Merchan set Trump’s sentencing date for July 11. .<br/>It is expected that Trump <br/>is going to appeal the verdict.")
_long-run-aggregate-supply-recession-and-inflation-macro-topic-3-4-and-3-5.webp "Jacob Clifford")
⏲ 3 minutes 41 seconds 👁 504.3K
_glasgow-school-of-art-degree-show-2024.webp "GSA Degree Show 2024 runs from 31 May to 9 June across the GSA Glasgow Campus in Garnethill. The GSA’s Master of Fine Art Degree Show opens on 30 May – 9th June at Glue Factory.<br/>The Glasgow School of Art (GSA) Degree Show 2024 opens to the public on Friday 31 May where a new generation of students will showcase their innovation, creativity and energy in what is Glasgow’s largest public exhibition of work. The physical show will run alongside an expansive digital showcase, which launches live on 30 May.<br/>Over 600 students from across the GSA’s four schools – fine art, design, architecture and innovation and technology will exhibit work that addresses the contemporary landscape they will face as they start their creative careers - from AI, web3, identity and representation, the climate emergency to health and wellbeing.<br/>The show not only celebrates the achievements of the graduates but also emphasises the importance of creativity and innovation in addressing current societal challenges. From product design engineering and interaction design to painting and printmaking, the range of<br/>projects on display highlights the students' ability to tackle complex issues and pushboundaries across disciplines.<br/>This year’s Degree Show campaign features Spider Lily, a font made by Year 4 Communication Design graduating student Nikos Ho.<br/>Nikos’ font, the ethereal and fragile Spider Lily is based on his observations of forms from the Singapore cityscape. Introduced to the island as an ornamental plant, the Spider Lily found an ideal habitat in Singapore’s tropical climate and it has embraced for its beauty in the city’s urban landscape. The naturalisation of the spider lily in Singapore mirrors the diverse migrant population that has settled on the island, integrating into its social fabric, enriching the island’s landscape and identity.<br/>Professor Penny Macbeth, Director of The Glasgow School of Art said:<br/>\")
_potential-and-actual-output-and-the-natural-rate.webp "myeconguy")
_economic-growth-and-lras-macro-topic-5-6.webp "Jacob Clifford")
_gerywn-price-backs-world-championship-darts-potential-move-to-saudi-arabia-for-future-tournaments.webp "As the world of darts is continuing to look for new ways to increase the eyes on the sport, with the idea of Saudi Arabian funded venues and tournaments being posed by PDC’s CEO Barry Hearn, Welshman Gerwyn Price had his say, and it makes for an interesting story.")
⏲ 1:0 👁 7.9M
_y1-15-output-gaps.jpg)
_actual-vs-potential-economic-growth.jpg)
_donald-trump-found-guilty-on-all-counts-in-hush-money-case.jpg)
_long-run-aggregate-supply-recession-and-inflation-macro-topic-3-4-and-3-5.jpg)
_glasgow-school-of-art-degree-show-2024.jpg)
_potential-and-actual-output-and-the-natural-rate.jpg)
_economic-growth-and-lras-macro-topic-5-6.jpg)
_gerywn-price-backs-world-championship-darts-potential-move-to-saudi-arabia-for-future-tournaments.jpg)
![[+]](/images/menu.gif){kind=small}