Mista
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It's about international trade, not China's domestic growth, China is the world biggest trader and top trading partner of most countries in the world, China is working on getting more countries to do trade with China with Yuan, one country at a time.
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Lol if it's just about international trade, why with China as the largest trading nation the world has only 2.76% of reserve currency held in RMB? Barely half of the JPY, on par with the likes of Australian and Canadian dollar?
Again, people like you who spout neoliberal tropes do not get what is happening.
I work in the financial industry, and I know my shit. Do you?
Why does the CNY has only 2% share in the global reserve currency despite being the world's largest trading nation? Why does China restrict capital outflow? Why did the Chinese rich moved their capital out of China when Xi starts talking about common prosperity? That's all signs of confidence in an emerging global reserve currency, right?
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