China's De-Dollarisation Mission: Xi Calls for Making Yuan a Global Reserve Currency

China’s currency alternative to the US dollar

A recent commentary published in a Chinese Communist Party journal has amplified Chinese leader Xi Jinping’s desire to turn the Chinese currency into a global reserve currency. CNN anchor and correspondent Kristie Lu Stout explains why there are stills barriers to this.

Xi wants yuan’s global punch to match Chinese economic might

President Xi Jinping has called for China’s yuan to become a global reserve currency, underscoring ambitions to carve out a greater role for it in world finance. The country needed a “powerful currency” that could be “widely used in international trade, investment and foreign exchange markets, and attain reserve currency status”, Xi said in a commentary published on Saturday in Qiushi, the Communist Party’s ideology journal. The comments were fi…

China's de-dollarisation mission: Xi calls for making yuan a global reserve currency

Amid global economic uncertainties, Chinese President Xi Jinping said the country needs to build a 'strong currency' and aims to make the Yuan a global reserve currency.

China sharpens yuan playbook for reserve status

China is explicitly tying its financial-powerhouse roadmap to a “strong currency” mission aimed at pushing the renminbi toward global reserve status, according to excerpts of a 2024 speech by President Xi Jinping published Saturday by the Communist Party’s journal Qiushi. Xi’s stated objective is functional and sequential: build a currency that is widely used across […]