China Wants The Yuan To Rival The Almighty Dollar
Big Take24 Touko 2023

China Wants The Yuan To Rival The Almighty Dollar

The US dollar is the world’s most-used currency for global transactions. Now China aims to elevate its currency as an alternative. Over the past year, President Xi Jinping's government has struck deals linked to the yuan stretching from Russia and Saudi Arabia to Brazil and even France.

Bloomberg reporter George Lei joins this episode to talk about how China’s efforts to create a rival to the dollar are going so far–and its goals for the future. And reporter Rebecca Choong Wilkins walks us through the geopolitics contributing to this currency competition.

Read more: China Takes the Yuan Global in Bid to Repel a Weaponized Dollar

Listen to The Big Take podcast every weekday and subscribe to our daily newsletter: https://bloom.bg/3F3EJAK

Have questions or comments for Wes and the team? Reach us at bigtake@bloomberg.net.

See omnystudio.com/listener for privacy information.

Jaksot(821)

Your Pet Is Costing You A Fortune and You Don’t Care

Your Pet Is Costing You A Fortune and You Don’t Care

The global pet economy is expected to reach nearly half a trillion dollars by 2030. After a pandemic surge in pet adoptions, more people are buying ever more expensive food and toys for their furry fr...

24 Maalis 202325min

Will ChatGPT Steal Your Job?

Will ChatGPT Steal Your Job?

As the technology powering artificial intelligence keeps improving, it’s getting harder to tell the difference between human and machine. And that means companies are looking to capitalize on its uses...

23 Maalis 202334min

Apple Looks To Grow Some New Roots

Apple Looks To Grow Some New Roots

The story of Apple’s rise to become the world’s most valuable company is also the story of its relationship with China. Apple’s vast manufacturing and supply chain operation there has been one of the ...

22 Maalis 202327min

Washington Takes Aim At Those Hated Non-Compete Agreements

Washington Takes Aim At Those Hated Non-Compete Agreements

The US Federal Trade Commission is weighing restrictions on many non-compete agreements in employment contracts. These clauses dissuade workers from switching jobs and impact roughly one in five Ameri...

21 Maalis 202329min

How Are US Chips Ending Up In Russian Weapons?

How Are US Chips Ending Up In Russian Weapons?

US sanctions against Russia are supposed to cut off Moscow’s access to all kinds of goods, including semiconductors, which are used in missiles and drones. But US officials allege a secret supply chai...

20 Maalis 202328min

Israel’s Leader Wants To Weaken The Courts. People Are Furious

Israel’s Leader Wants To Weaken The Courts. People Are Furious

For months, Israeli citizens—including CEOs, doctors, hedge fund executives, lawyers, and soldiers—have protested in the streets against Prime Minister Benjamin Netanyahu’s plan to diminish the author...

17 Maalis 202329min

Congress Won’t Let The US Default on Its Debt. Right?

Congress Won’t Let The US Default on Its Debt. Right?

The White House and Congress are battling over raising the nation’s $31.4 trillion debt ceiling. If they don’t act and the US defaults on its debt this summer, the economic shockwaves will be felt acr...

16 Maalis 202326min

Will Self-Driving Cars Be ‘Just Five Years Away’... Forever?

Will Self-Driving Cars Be ‘Just Five Years Away’... Forever?

For years now, we’ve been hearing that autonomous vehicles are just around the corner. Google, Uber, General Motors, Tesla, and other companies invested huge sums in hopes of realizing the dream of a ...

15 Maalis 202327min

Suosittua kategoriassa Politiikka ja uutiset

aikalisa
rss-ootsa-kuullut-tasta
tervo-halme
ootsa-kuullut-tasta-2
politiikan-puskaradio
rss-podme-livebox
viisupodi
et-sa-noin-voi-sanoo-esittaa
rss-asiastudio
otetaan-yhdet
rikosmyytit
the-ulkopolitist
rss-mina-ukkola
linda-maria
radio-antro
rss-vaalirankkurit-podcast
rss-merja-mahkan-rahat
popcorn-with-esko
rss-polikulaari-humanisti-vastaa-ja-muut-ts-podcastit
rss-50100-podcast