China’s Project to Create A “Digital Yuan”

China’s Project to Create A “Digital Yuan”

The topic of cryptocurrencies has gained prominence among specialists in international trade in recent months. With the global economic crisis generated by the new coronavirus pandemic, this need has become even more evident. The world powers enter a new race, seeking to be pioneers in a cryptocurrency system. Since 2014, China has been developing its…

Financial Warfare and the Float of China’s Yuan. Weaponization of the Forex Market

Financial Warfare and the Float of China’s Yuan. Weaponization of the Forex Market

Haikou, Hainan: In an unusual twist, financial experts have called upon China’s monetary authorities to let the Renminbi float to “ease risks” (China Daily, October 31, 2018). Sounds contradictory? At this juncture, at the height of Trump’s trade war against China, the Forex market has become weaponized. The policy of “Floating the Yuan” has contributed to the…

Your Guide to Dispelling Every Western Myth about China

Your Guide to Dispelling Every Western Myth about China

From 1945 to the present day, the US and its close European allies have developed a geopolitical narrative which in the minds of its authors, offered a blueprint for international peace and prosperity. According to this narrative, confrontational multi-party democracy, a rejection of constitutional secularism, an internally de-regulated market, an adversarial press and geopolitical alliances…

Will Petrodollar Give Way to Petroyuan? China Makes First Move this March

Will Petrodollar Give Way to Petroyuan? China Makes First Move this March

Wall Street is bracing for a potential shake-up as China is set to launch its first-ever crude oil futures contract late March at the Shanghai Futures Exchange. The move, which had been laid out in 2012 but faced delays over possible market turbulence, could represent a bold step forward in China’s rise as an economic…