China's Renminbi Unlikely to Rival US Dollar as Reserve Currency.
China's currency, the renminbi (RMB), is unlikely to become a major international reserve currency like the US dollar in the next decade. Despite China's strong economy and global trade influence, its political system and financial policies hinder the RMB's attractiveness. Resistance to financial reform from Chinese interest groups and political changes under Xi Jinping further limit the RMB's potential as a top reserve currency in the near future.