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China’s wish to end US dollar dominance is unlikely to come true with no genuine challenger in the wings

Summary:
[unable to retrieve full-text content]One thing that Beijing hates about the world is the dominance of the US dollar, and China has been working for over a decade to undermine its role in global trade and investment. But China’s wish to dethrone the US dollar as the main anchor currency may not come true any time soon even though it has weakened recently, analysts said.China’s discomfort with the US dollar has become more acute recently with Washington’s moves to sanction both Chinese and Hong Kong officials while also threatening…

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[unable to retrieve full-text content]
One thing that Beijing hates about the world is the dominance of the US dollar, and China has been working for over a decade to undermine its role in global trade and investment. But China’s wish to dethrone the US dollar as the main anchor currency may not come true any time soon even though it has weakened recently, analysts said.China’s discomfort with the US dollar has become more acute recently with Washington’s moves to sanction both Chinese and Hong Kong officials while also threatening…

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