The Chinese Yuan Is an ‘Incredibly Weak’ Currency, Says Brad Setser
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最新报道：The Chinese yuan remains far from challenging the US dollar as a global reserve currency, with only 3% of global forex reserves held in yuan compared to the dollar's 58%. Brad Setser of the Council on Foreign Relations called the yuan "incredibly weak," noting that China's efforts to promote it are largely performative and lack international trust. He warned that without policy recalibration and allowing yuan appreciation, China faces political pushback, particularly from Europe. Setser predicts further depreciation, as adoption is limited mainly to sanctioned nations like Russia and Iran, while others like India and South Africa avoid it. China's yuan-based trade deals are seen as forced and one-sided, undermining its credibility.
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