Thinking About ChinaOpinionCould China Use Ukraine War to Challenge US Dollar Hegemony?Beijing is biggest winner in the Ukraine war and sanctions against RussiaSavePrintA clerk counts stacks of Chinese yuan and U.S. dollars at a bank in Shanghai on July 22, 2005. China Photos/Getty ImagesFan Yu3/17/2022|Updated: 3/25/20220:00X 1CommentaryRussia’s war in Ukraine, as well as the West’s response so far, has been a gift to China.Share this articleLeave a commentFan YuAuthorFan Yu is an expert in finance and economics and has contributed analyses on China's economy since 2015.Author’s Selected ArticlesChina Faces a Retirement and Pension CrisisAug 13, 2024China’s Tough Economic Rebalance Just Got TougherJul 22, 2024China’s Banking Sector Faces ReckoningJul 15, 2024Sale of TikTok Is an Impossibly Thin Needle to ThreadMar 25, 2024Related TopicsDollaryuancurrencyrenminbiUkraine war