Beyond the Dollar: China’s Plan to Displace US Treasurys

Packs of freshly printed $20 notes are processed for bundling at the U.S. Treasury's Bureau of Engraving and Printing in Washington, on July 20, 2018. Eva Hambach/AFP via Getty Images

News Analysis

The regime in Beijing, which has experienced limited success in its quest to overtake the U.S. dollar as the global trade currency, might have an easier time persuading the world to accept its government bonds as an investment alternative to U.S. Treasurys.