- China wants the yuan to play a bigger global role but hasn’t called for it to replace the dollar.
- Xi Jinping said China was committed to internationalizing the yuan “in an orderly manner.”
- State media is touting the yuan, but one expert offered a “rational view” on de-dollarization.
Numerous headlines have flashed a warning in recent days that China is pushing for its currency to replace the US dollar as the world’s reserve currency of choice.
“The US dollar conquered the world. Is it at risk of losing its top spot?” NPR asked in June, as it pitted China as a top contender against the greenback.
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