China's yuan could become the world's third largest reserve currency in 10 years, Morgan Stanley predicts
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09/04/2020 08:05 PM
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Re: China's yuan could become the world's third largest reserve currency in 10 years, Morgan Stanley predicts
Increased foreign investment into Chinese markets could boost the usage of the yuan, pushing it to become the third largest reserve currency in the world — behind only the U.S. dollar and the euro, Morgan Stanley analysts predicted in a report distributed Friday.Quoting: Anonymous Coward 77747210
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Nice feelgood article for those collaborators in the Free World who are still doing business with the sub-human Chinese communist regime. Should help keep the markets stable for another few weeks.
The truth of the matter is that communist China is on the precipice of economic depression and battling with their own unacknowledged COVID-19 plagues, having suffered tens of millions of deaths (so far).
China has returned to its traditional role as the "Sick Man of Asia" and will remain so until the Chinese people rise up and remove their sub-human communist overlords.