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China’s Trump Card: Cryptocurrency and Its Game-Changing Role in Sino-US Trade

Summary:
[unable to retrieve full-text content]The US dollar will cease to be the de facto world currency as globalisation retreats, so China and the United States should work together to create a globally used cryptocurrency – a strategy that would weaken the dollar, encourage American exports and help balance trade between the two superpowers.These are the main takeaways from China’s Trump Card: Cryptocurrency and Its Game-Changing Role in Sino-US Trade, by Raymond Yeung, the chief Greater China economist at ANZ Bank. Yeung offers a novel…

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[unable to retrieve full-text content]
The US dollar will cease to be the de facto world currency as globalisation retreats, so China and the United States should work together to create a globally used cryptocurrency – a strategy that would weaken the dollar, encourage American exports and help balance trade between the two superpowers.These are the main takeaways from China’s Trump Card: Cryptocurrency and Its Game-Changing Role in Sino-US Trade, by Raymond Yeung, the chief Greater China economist at ANZ Bank. Yeung offers a novel…

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