China Wants The Yuan To Rival The Almighty Dollar
Big Take24 Mai 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.

Episoder(825)

Inside Top Hedge Fund Earners for 2023

Inside Top Hedge Fund Earners for 2023

Bill Ackman has had a big year. His constant posting and vocal condemnation of antisemitism on college campuses has won him over a million followers on X (and more than a few critics). Meanwhile, his ...

20 Feb 202410min

The Little Sanctions Office That Could

The Little Sanctions Office That Could

America’s use of sanctions has grown by almost 1,000% since 9/11. So why isn’t Congress giving the office in charge of them more resources?Today on the Big Take DC podcast, host Saleha Mohsin talks to...

19 Feb 202415min

Commercial Real Estate Can’t Ignore Its Empty-Office Problem Anymore

Commercial Real Estate Can’t Ignore Its Empty-Office Problem Anymore

The commercial real estate market has been upended by changing office habits and rising interest rates. For years, lenders and global investors did not have to confront these plunging building values....

16 Feb 202410min

Third Party Candidates May Cause Trouble for Biden or Trump

Third Party Candidates May Cause Trouble for Biden or Trump

American voters are so disillusioned by their options in the presidential election that pollsters have come up with a term for it: “Double-hater.” These are people who don’t like President Joe Biden o...

15 Feb 202416min

Unexpected Power Surges Are Putting US Homes At Risk

Unexpected Power Surges Are Putting US Homes At Risk

The US power grid has long been under pressure. But now, aging infrastructure is facing more extreme weather, more electricity usage and more renewable energy coming online. These strains on the grid ...

14 Feb 202412min

Why Driving A Few Miles Can Save You Thousands on Health Care

Why Driving A Few Miles Can Save You Thousands on Health Care

For years, the true price of health care in the US has been the result of negotiations between providers, insurance companies and government agencies. But for the patients, companies and taxpayers who...

13 Feb 202413min

What the 2024 US Election Could Mean for China

What the 2024 US Election Could Mean for China

China’s economy has been in rough shape, and the government is trying to address it. But there’s another threat on the horizon: the US election.During their presidencies, both Joe Biden and Donald Tru...

12 Feb 202441min

The Last Great American (Football) Dynasty

The Last Great American (Football) Dynasty

This Sunday in Nevada, the Kansas City Chiefs will face off against the San Francisco 49ers in Super Bowl LVIII. Both teams, like lots of others in the league, have been owned by the same family for d...

8 Feb 202411min

Populært innen Politikk og nyheter

giver-og-gjengen-vg
aftenpodden
stopp-verden
forklart
aftenpodden-usa
i-retten
lydartikler-fra-aftenposten
popradet
nokon-ma-ga
det-store-bildet
dine-penger-pengeradet
rss-gukild-johaug
rss-ness
fotballpodden-2
hanna-de-heldige
aftenbla-bla
e24-podden
frokostshowet-pa-p5
unitedno
rss-dannet-uten-piano