China's yuan fit to rival US dollar as global currency if more accessible: economist

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China's yuan has the potential to rival a weakening US dollar as a global currency if Beijing liberalises convertibility and access for foreigners, according to a senior Asian economist.

He cited, as a model, China's existing "connect" schemes with Hong Kong, through which foreign investors can buy mainland Chinese bonds and stocks without special licences.

But as the US negotiates with many exporting Asian countries over tariffs during the 90-day pauses, he said, most Asian governments will downplay their role in the transshipping of made-in-China goods to the American market.

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Category: EconomyBusiness

Markets: ThailandChinaHong KongJapanSouth KoreaMalaysiaSingaporeUnited StatesVietnam

Topics: Countries Khor Economist Dollar Currency Yuan China Tariffs Pauses Asian Trump

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-23 @ 11:48:00 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: bangkokpost.com

Language: English

Article Length: 684 words

Reading Time: 4 minutes read

Sentences: 32 lines

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Copyright Owner: © Bangkok Post

News ID: 28921181

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