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Markets, not politics, will make China’s yuan a global currency

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The yuan’s next global push will fall short if it is treated as persuasion. The test is not whether Beijing wants an international currency or whether Hong Kong can host summits around it. It is whether a treasurer in Jakarta, a bank in Riyadh or a Gulf central bank can fund, hedge, invest and...
2026-07-12 08:55:32

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The yuan’s next global push will fall short if it is treated as persuasion. The test is not whether Beijing wants an international currency ...
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