China, already an economic power in East Asia, is poised for another great leap forward after Beijing announced plans this week to liberalize trade of its currency, the yuan. The decision could, in the long term, spell the demise of the U.S. dollar as the preferred reserve currency of international commerce and trade, a favored […]
China, already an economic power in East Asia, is poised for another great leap forward after Beijing announced plans this week to liberalize trade of its currency, the yuan. The decision could, in the long term, spell the demise of the U.S. dollar as the preferred reserve currency of international commerce and trade, a favored […]