Building a New Financial Infrastructure for the Multipolar World

It’s tempting to think that the purpose of the Chinese currency is to join the competition with the dollar on a world scale.

But if the Chinese did that their economy and the economies of the multipolar world would be subject to the expectations of financial liberalization, open and deep capital markets and extensive liquidity. The Chinese reject this and are building an entirely new alternative system within their multipolar family.

Read in RT

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