Maxwell School News and Commentary
Filtered by: The Wire China
McDowell Comments on the Use of China’s Renminbi as a Global Currency in The Wire China
“China had economic motives to de-dollarize that predate sanction concerns,” says Daniel McDowell, associate professor of political science. “When the U.S. economy had a financial crisis, China ended up getting hurt. China figured, we should probably promote our own currency now.”
May 2, 2023
See related: China, Economic Policy, Government, International Affairs