The US dollar is the world’s most-used currency for global transactions. Now China aims to elevate its currency as an alternative. Over the past year, President Xi Jinping's government has struck deals linked to the yuan stretching from Russia and Saudi Arabia to Brazil and even France.

Bloomberg reporter George Lei joins this episode to talk about how China’s efforts to create a rival to the dollar are going so far–and its goals for the future. And reporter Rebecca Choong Wilkins walks us through the geopolitics contributing to this currency competition.

Read more: China Takes the Yuan Global in Bid to Repel a Weaponized Dollar

Listen to The Big Take podcast every weekday and subscribe to our daily newsletter: https://bloom.bg/3F3EJAK

Have questions or comments for Wes and the team? Reach us at bigtake@bloomberg.net.

The US dollar is the world’s most-used currency for global transactions. Now China aims to elevate its currency as an alternative. Over the past year, President Xi Jinping's government has struck deals linked to the yuan stretching from Russia and Saudi Arabia to Brazil and even France.
Bloomberg reporter <a href="https://www.bloomberg.com/authors/AQEAlG1f3x0/george-lei">George Lei</a> joins this episode to talk about how China’s efforts to create a rival to the dollar are going so far–and its goals for the future. And reporter <a href="https://www.bloomberg.com/authors/AT8YdRfOdJk/rebecca-choong-wilkins">Rebecca Choong Wilkins</a> walks us through the geopolitics contributing to this currency competition. Read more: <a href="https://www.bloomberg.com/news/articles/2023-05-03/world-s-top-currency-china-takes-yuan-global-in-bid-to-repel-us-dollar-usd?srnd=premium">China Takes the Yuan Global in Bid to Repel a Weaponized Dollar</a>
Listen to The Big Take podcast every weekday and subscribe to our daily newsletter: <a href="https://bloom.bg/3F3EJAK">https://bloom.bg/3F3EJAK</a>  Have questions or comments for Wes and the team? Reach us at <a href="mailto:bigtake@bloomberg.net">bigtake@bloomberg.net</a>.

Each weekday, Big Take brings you a story - one big, important story. We talk to Bloomberg journalists around the world, experts and the people at the center of the news to help you understand what's happening, what it means and why it matters. Money, politics, the economy and business, energy, the environment, technology - we cover it all.

Each weekday, Big Take brings you a story - one big, important story. We talk to Bloomberg journalists around the world, experts and the people at the center of the news to help you understand what's happening, what it means and why it matters. Money, politics, the economy and business, energy, the environment, technology - we cover it all.

Big Take

China Wants The Yuan To Rival The Almighty Dollar

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/c0839901-8121-4523-8cc0-b00b015f4bed/transcript

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