Renminbi on the Rise: China's Currency Nearing Reserve Status Dominance
The article discusses how the Chinese currency, the Renminbi, is moving towards becoming a reserve currency due to its increasing acceptance and convertibility. It explores the impact of US-China economic relations on this process and questions whether China will use the Renminbi for fair trade or for its own advantage. The US Dollar has been the dominant reserve currency since World War II, but recent studies have raised concerns about its future role.