Quote:
Originally Posted by edslunch
There has been discussion for years about whether and when the Yuan wouid join or displace the dollar as the de facto global currency. If China continues to play the 'neutral' party in international issues like this that becomes more likely. If Russia can only trade with China who can trade with everyone else they become a power broker. Russia alone won't tip the balance but as China's sphere of influence grows through belt and road, etc. you could see it happening eventually.
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The Yuan is not a free currency by any means. The USA isn't perfect either, but, personally, I wouldn't have my livelihood dependent on the whims of the CCP, and I can't imagine any major corporation wants that either.