Most of what we’ve heard about the yuan dethroning the dollar is from the West. Here’s what China’s actually said about it.

MarketsInsider/Huileng Tan/7-31-2023

“While China might not be happy with American dominance  — in global politics, culture, or the financial system — Beijing is far from openly advocating for the ‘redback,’ another name for the yuan, to immediately replace the greenback.

USAGOLD note: Important insights at the link……