How does the yuan play an important role in the world?
How does the yuan play an important role in the world?
According to Ray Dalio, CEO of Bridgewater Associates, one of the world's largest hedge funds, have said “The yuan will become more important. It is a stronger, more stable, more attractive currency. And it will be more widely used in the next few years.
- growth potential
China has been able to manage the spread of the COVID-19 virus so well that it has a positive economic growth and is able to cope well with the economic contraction.
- Good control over the use of the financial and fiscal budgets to increase stability
China has reduced public debt and tightened monetary policy restrictions. to build confidence
- Strong structure boost growth to reduce the risk
China can recover on its own. because it is a major source of production in the world with strong domestic consumption have a technology development policy and push hard on trade policies
- First country in which central banks push for digital currency.
It opens up more trading opportunities. It also reduces transaction costs and has a more transparent administration than decentralized cryptocurrencies.
It can be seen that all the above 4 factors have made China still a superpower country to this day. being well organized and systematic Will certainly make China grow more in the future
According to Ray Dalio, CEO of Bridgewater Associates, one of the world's largest hedge funds, have said “The yuan will become more important. It is a stronger, more stable, more attractive currency. And it will be more widely used in the next few years.
- growth potential
China has been able to manage the spread of the COVID-19 virus so well that it has a positive economic growth and is able to cope well with the economic contraction.
- Good control over the use of the financial and fiscal budgets to increase stability
China has reduced public debt and tightened monetary policy restrictions. to build confidence
- Strong structure boost growth to reduce the risk
China can recover on its own. because it is a major source of production in the world with strong domestic consumption have a technology development policy and push hard on trade policies
- First country in which central banks push for digital currency.
It opens up more trading opportunities. It also reduces transaction costs and has a more transparent administration than decentralized cryptocurrencies.
It can be seen that all the above 4 factors have made China still a superpower country to this day. being well organized and systematic Will certainly make China grow more in the future
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