China is on a ‘strong currency’ mission to make the yuan a global reserve: Xi

China’s Xi calls to make Renminbi “a powerful currency,” as Trump is ready to change Fed’s chair

China’s President Xi Jinping has called for the renminbi to achieve global reserve currency status, “a powerful currency” according to remarks published on Saturday in Qiushi, the Chinese Communist Party’s flagship ideology journal.

Xi Makes RMB Reserve-Currency Push Official

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Xi spells out yuan reserve currency goal

China’s leader called for the yuan to become a global reserve currency, part of Beijing’s efforts to play a larger role in international financial systems.Xi Jinping’s comments, published in the Chinese Communist Party’s ideology journal, marked the most concrete definition yet of his goal of building a “strong currency” that can counter the dollar’s dominance, at a time when central banks are rethinking their exposure to greenback-based assets.…

China is on a ‘strong currency’ mission to make the yuan a global reserve: Xi

China needs to build a “strong currency” that can become widely used in international trade, investment and foreign exchange markets, and reach the status of a global reserve. The mission for the yuan was from excerpts of a speech by President Xi Jinping and published online on Saturday by Qiushi, the ruling Communist Party’s leading theoretical journal. Xi made the speech in 2024 to provincial and ministerial officials about building the countr…

Xi's Push for Renminbi as a Global Reserve Currency

China’s president is pushing to elevate the renminbi’s role in global finance as Beijing seeks to reduce reliance on the US dollar, expand cross-border trade settlement and reshape the international monetary system. Quick Answer: Xi Jinping wants the renminbi to become a global reserve currency to reduce China’s dependence on the US dollar, strengthen financial sovereignty and expand Beijing’s influence over global trade and capital flows. While…