If China can get the yuan into a reserve currency status. Then it can keep the yuan low too. 5-7 years from now I will not be surprised to see the Yuan and the USD both as the world’s #1 reserve currencies. I don’t want to see this, but it can happen.
Pooty Poot’s Russian rouble is lame, it can only be enhanced by hitching a ride with the CCP Yaun. By Russian being subservient to China.
You do know the yuan was added as one of the world’s reserve currencies back in 2016 yes?
China is a house of cards. All their yuan printing post 2008 is about to blow up hard. You can’t print zillions of yuan, put all that money into non productive assets like ghost cities and factories that are not needed, and not one day have to pay the piper. That day has arrived. Their insane real estate bubble blown is starting to go pop. Their largest commercial real estate developer going under was the first big sign.