By Emil Avdaliani, April 13, 2020
EXECUTIVE SUMMARY: States all over the world stand to lose a great deal economically from the coronavirus pandemic. But in the case of China, there is an additional significant dimension to the crisis: the West will grow increasingly distrustful of Beijing, which will further widen an already gaping geopolitical divide. Calls in the West for an economic decoupling from China as well as increasing demands that Beijing comply with Western economic, health, and political standards could complicate China’s global aspirations.
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The Bank of China says there was steady momentum last year with increasing willingness of foreign companies to use the yuan/renminbi in financing and settlement. Read more
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