Washington Post (February 8)
2026/ 02/ 10 by jd in Global News
China’s President Xi Jinping would like the renminbi to become a globally recognized reserve currency. He “seeks to capitalize on the dollar’s value slipping to a four-year low and gold recently hitting an all-time high amid uncertainty caused by President Donald Trump’s tariffs, threats to Federal Reserve independence and myriad geopolitical crises.” However, China appears to be “in no position to achieve his vision absent self-sabotage by the United States and free market reforms he is hesitant to undertake.”
Tags: Capitalize, China, Dollar, Fed, Geopolitical crises, Gold, Independence, Renminbi, Reserve currency, Self-sabotage, Tariffs, Threats, Trump, U.S., Uncertainty, Vision, Xi
