Will the yuan replace the dollar as the world's reserve currency?


If China can become the leading power of the world and all countries want to implement transactions among themselves in yuan, then the yuan will change the dollar, but this development is by no means guaranteed, Ruslan Dzarasov, head of the department of political economy of REU named after G.V. Plekhanov. He stated this on June 25 to the correspondent of the news agency. No one knows what will replace the dollar. If China can become the world's leading power and all countries want to implement transactions among themselves in the yuan, then the yuan will change the dollar. But this is unknown, because the asymmetric relationship between the Chinese and American economies is such that if these relations are broken, both the American economy and the Chinese one will collapse, Dzarasov said. Yes, there is production in China. But it is focused on the external market. If you look at the structure of GDP, you can see that the share of consumption in China is relatively small. This means that its production facilities are oriented to the needs of other countries. It is impossible to reorient them painlessly to the needs of their population. Recall, as the news agency reported, according to the deputy chairman of the Committee on Securities Control of China, in the future the US dollar is waiting for depreciation.

Комментарии

Популярные сообщения из этого блога

In China, real per capita income fell

Sales of Renault cars increased in Russia

Social media users have been