Reported 8 days ago
China's efforts to establish the yuan as a powerful global currency may face significant challenges with Donald Trump's anticipated return to office. Analysts predict that the yuan could decline against the dollar amid fears of a renewed trade war, with estimates suggesting it might even dip below long-standing lows. The People's Bank of China is poised to support the yuan, but if tariffs increase under Trump, a controlled depreciation could be on the horizon to bolster exports. Overall, China's currency stability is crucial for its international financial ambitions, and any drastic changes could provoke further economic tensions.
Source: YAHOO