on geopolitics

China and the Changing Global Economic Order

Mark Fleming-Williams
Senior Analyst, Global Economy
Dec 1, 2015 | 08:01 GMT
China's yuan has become the first SDR basket currency to belong to a country that is not a clear U.S. ally, ushering in a new economic order.

China's yuan has become the first SDR basket currency to belong to a country that is not a clear U.S. ally, ushering in a new economic order.

(FRED DUFOUR/AFP/Getty Images)

The yuan has become the first SDR basket currency to belong to a country that is not a clear U.S. ally. This is important because it is part of a wider trend, reflecting increased economic power in new parts of the world. The important question now is how the United States, as architect and leader of the existing system, will cope with these new challenges....

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