Global currency: Why the invasion of Ukraine could give the Chinese yuan a boost against the U.S. dollar
By Tuugi Chuluun, Associate Professor of Finance, Loyola University Maryland The Chinese economy’s sheer size and rapid growth are impressive. China maintained one of the highest economic growth rates in the world for more than a quarter of a century, helping lift over 800 million people out of poverty in just a few decades. The country is the largest exporter in the world and the most important trading partner of Japan, Germany, Brazil and many other countries. It has the second-largest economy after the U.S., based on the market exchange rate, and the largest based on purchasing power. And...
Read More