Why the Dollar-Renminbi Transition Is Getting Much Closer Despite Debt Deal

The debt deal will do little to delay the day of reckoning for the dollar as the world’s reserve currency. In my book, Eclipse: Living in the Shadow of China’s Economic Dominance, I argued that the renminbi could overtake the dollar as the world’s premier reserve currency sometime during the nex…

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Why the Dollar-Renminbi Transition Is Getting Much Closer Despite Debt Deal

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