Commentary
A strong U.S. dollar, rising inflation, and energy costs have provided China and Russia an opportunity to present alternative currencies to developing nations—but moves toward replacing the dollar are weak at best.
An elderly man walks past a poster advertising the Chinese yuan (renminbi currency) in Hong Kong on Aug. 18, 2011. Laurent Fievet/AFP/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.
