China’s Push to Dethrone the Dollar

China’s decoupling from the Dollar. Are we on the brink of using the yuan as the new global currency, or will crypto take the spotlight?

We’ve explored crypto’s role in disrupting the global monetary order before, but there’s another force that’s going to have just as much of an impact…some would say much more. China!

What does it look like when the world’s 2nd largest economy dedollarizes? That’s what we explore on today’s episode with China expert and economist Diana Choyleva. Towards the end, Diana also reveals her eye-opening prediction about a potential US-China conflict over Taiwan.

TIMESTAMPS

0:00 Intro
4:00 Is China Really De-Dollarizing?
6:59 Is De-Dollarizing A Priority?
10:57 China’s Objective & Progress?
12:47 Yuan as Unit Of Payment Or Store Of Value?
19:10 Usage and Progress From 2009?
22:16 US VS China Capital Market Difference
26:15 Motives Behind De-Dollarizing?
29:39 China’s Wants VS Actual Scenario
35:06 What Distant Future Looks Like?
41:48 China’s CBDC Plan, Issues & Expansion
49:18 China Participating In Crypto World?
51:57 China Using Treasury As Store of Value?
58:29 The Taiwan Conflict?
59:57 What If China Is Successful?
1:03:43 Closing and Disclosures

RESOURCES

Diana Choyleva
https://x.com/choyleva

Not financial or tax advice. See our investment disclosures here:
https://www.bankless.com/disclosures⁠