Manu have pointed to the Chinese embracing the digitization of the Yuan, a CBDC. This sent shockwaves throughout the West who are leery this could end up taking over as the reserve status.
In this video I discuss how this is unlikely. The world of international finance boils down to confidence and the Chinese have a trust problem. This is especially true with its currency which they openly manipulated over the last few decades.
▶️ 3Speak
