Top economist on how China should prep for dollar era’s end

Barry Eichengreen, a top American economist, is sharing his insights on how China should prepare for the potential end of the dollar's dominance in the global economy. This shift, known as "de-dollarisation," refers to a decrease in the use of the US dollar as a reserve currency. The significance of this development lies in its potential impact on global trade and economic stability, as countries may need to adjust their currency reserves and trade relationships to accommodate a changing monetary landscape.

Why it matters

China is preparing for a potential shift in the global monetary system. This could have significant implications for the country's economy and financial markets.

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