Commentary
“We will cultivate a trading center and pricing mechanism that puts China first (以我为主) and actively promote settlement in local currency.” excerpt from the Chinese Communist Party’s (CCP’s) 14th five-year plan for 2021–25.
Thinking About China
Opinion
CCP Partners With Bank for International Settlements to Displace the Dollar
With yuan liquidity pool, CCP noose tightens around global financial system
One dollar and 100 yuan notes are on display at a bank in Beijing, China, on May 15, 2006. China Photos/Getty Images
Antonio Graceffo
Author
Antonio Graceffo, Ph.D., is a China economy analyst who has spent more than 20 years in Asia. Graceffo is a graduate of the Shanghai University of Sport, holds an MBA from Shanghai Jiaotong University, and studied national security at American Military University.
