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Time for China to decouple the yuan from US dollar, former diplomat urges — Orange Wang

Summary:
US will pose ‘increasingly severe threat’ to future Chinese development through dollar’s global monopoly Preparations for gradual decoupling and internationalisation of the yuan should begin ‘now’ I have been been saying this for some time. It's even more essential now that Chinese policy is shifting from export-led to consumption-driven.SCMPTime for China to decouple the yuan from US dollar, former diplomat urges Orange Wang

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US will pose ‘increasingly severe threat’ to future Chinese development through dollar’s global monopoly

Preparations for gradual decoupling and internationalisation of the yuan should begin ‘now’

I have been been saying this for some time. It's even more essential now that Chinese policy is shifting from export-led to consumption-driven.

SCMP
Time for China to decouple the yuan from US dollar, former diplomat urges

Orange Wang

Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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