And people think the RMB will rival the USD is just foolish.
If that was the case, China would have to remove capital controls. There is no way the CCP does that.
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And people think the RMB will rival the USD is just foolish.
If that was the case, China would have to remove capital controls. There is no way the CCP does that.
Marxism at any given epoch was a failed experiment, and no state can afford to confiscate private property, and can not even afford to make a Private ltd property into a trust or place on public ownership, that ultra vires the basic footing of fundamental rights.
China does allow for private property and ownership. Capital controls are the flow of the currency which it is set on stopping. That is why they RMB is not going to take over on a global scale. The CCP will not allow it to flow freely.