Beijing's Plans to Decouple from the Dollar
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Beijing is challenging the privileged status of the Almighty Dollar, as it tries to carve out its own sphere of influence free of Uncle Sam. This new and comprehensive report explores China’s plans to reconfigure the global financial order, analyzing whether it can decouple from the dollar and create a parallel system based on the yuan. Clear and indispensable, the report lays out China’s strategy, assesses its chances of success, and proposes steps US policymakers should take to safeguard America’s financial system.
Please join Robert Daly, who will host a discussion with the report’s authors, Diana Choyleva and Dinny McMahon.
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China's Quest for Self-Reliance: How Beijing Plans to Decouple from the Dollar-Based Global Trading and Financial System
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Kissinger Institute on China and the United States
The Kissinger Institute works to ensure that China policy serves American long-term interests and is founded in understanding of historical and cultural factors in bilateral relations and in accurate assessment of the aspirations of China’s government and people. Read more