China's E-money: Can It Challenge the Dollar Hegemony?

CA 9+ China's E-money: Can It Challenge the Dollar Hegemony? 18,627 views •Apr 23, 2021 1.1K 15 Share Save Difference Frames the World 29.7K subscribers The internationalization of RMB is an unstoppable trend. China wants to use its currency to buy resources and export products, and vice versa. With its growing dominance in manufacturing worldwide, it cannot tolerate being charged an exchange fee for almost every transaction it does with various countries every day. ------------------------------------------------------------------------------------------------ You can support this channel by following the link: https://www.paypal.com/donate?busines...​ 227 Comments Auggie Giuseppe Add a public comment... Paul Odili Paul Odili 1 day ago (edited) China is an industrial super power with large export economy so it is inevitable China's payment transaction with its trading partners will be in China's digital currency. Given time it will share payment system with the dollar, no question about it. 53 Leehin Thian Leehin Thian 1 day ago RMB is coming - American $ is fast becoming a useless payment system sooner than later 24 BEIJING MA ZHU BEIJING MA ZHU 1 day ago THE ERA OF RMB IS COMING FASTER THAN A BULLET TRAIN 45 whfu99 whfu99 1 day ago Yes, RMB era is indeed coming. 25 Les Hewson Les Hewson 1 day ago The US dollar needs competition then it will remove another weapon from America to use on anyone who disagrees with it. 108 U C DAVIS U C DAVIS 1 day ago (edited) Amazing country People full of energy. And safer place to live, per traveler says. 65 Allen T Allen T 1 day ago If China prefers yuan for its exports and in-bound investments, demand for digital yuan will sky rocket! 25 Barua Safi Barua Safi 1 day ago I always look forward to this channel to educate me on China and the Western civilization. Keep it up. 87 Naimul Haq Naimul Haq 1 day ago Many nations agreed to transact in Yuan. As soon as China's GDP hits 20 % of the world it will be time for the game. If the US bubble burst before that, it will be the end for US supremacy. China is blessed with an error correcting system. 22 Passion Fruit Passion Fruit 1 day ago (edited) As it is using Cryptocurrency technology similar to Bitcoin, the chinese currency will become a dominant international currency. 36 Richard Lim Richard Lim 1 day ago Encouraging news on china’s digital RMB development and progress - once proven successful for international trade transactions, then all countries trading with China can use this platform for international trading, thus bypassing SWIFT and hence stopping USA from using SWIFT as a weapon against any country.