War in Ukraine might give the Chinese yuan the boost it needs to become a major global currency -- and be a serious contender against the US dollar
- Written by Tuugi Chuluun, Associate Professor of Finance, Loyola University Maryland
China and the U.S. compete to be the world's largest economy, but the dollar dominates the yuan as a currency.peng song/Moment Collection/Getty ImagesThe Chinese economy’s sheer size and rapid growth are impressive.
China maintained one of the highest economic growth rates in the world for more than a quarter of a century, helping lift over...