Can Chinese currency yuan replace the US dollar?

[Lifetime]

To earn more control over its economy, China intends on replacing the USD to yuan as the global currency. Since China's economic growth due to the cheap exports to the US, international trade and gross domestic product share of China increased to around 10%. This caused some conflict between China and the US.

With trade soaring, yuan's eminence grew and in August 2015 it became the fourth most frequented currency globally, it left behind its ranking in the 12th position within three years, surpassing Japanese yen, Canadian loonie and the Australian dollar. China has made it far easier to trade the yuan in foreign exchange markets.

It’s not the trade that makes USD the world’s reserve currency but the fact that there’s a sense of trust in the US economy. The transparency of the market and stability of its monetary policy are two important factors as well. Hence, it is not possible to eradicate the use of the dollar, even though it may be declined.

I think this has been discussed a lot and I think digital yuan from China is still difficult to beat US dollars. because US dollars is a currency that is very stable and has indeed been accepted by all countries around the world.

[Noverteno]

Such issues are not resolved in one year. We are discussing this topic, since the Chinese economy is growing and strengthening and soon may indeed surpass the United States in terms of basic indicators. So anything is possible. The Chinese government prefers its own development path and this is quite often successful. However, other states do not stand still, and other states can wedge themselves into the confrontation between these states.

[doc]

To earn more control over its economy, China intends on replacing the USD to yuan as the global currency. Since China's economic growth due to the cheap exports to the US, international trade and gross domestic product share of China increased to around 10%. This caused some conflict between China and the US.

With trade soaring, yuan's eminence grew and in August 2015 it became the fourth most frequented currency globally, it left behind its ranking in the 12th position within three years, surpassing Japanese yen, Canadian loonie and the Australian dollar. China has made it far easier to trade the yuan in foreign exchange markets.

It’s not the trade that makes USD the world’s reserve currency but the fact that there’s a sense of trust in the US economy. The transparency of the market and stability of its monetary policy are two important factors as well. Hence, it is not possible to eradicate the use of the dollar, even though it may be declined.

It seems difficult, yuan will replace the US dollar, although chinese is  one of the biggest economis beside US.
because I always believe US goverment won't let that happen.
 Th US goverment wil l always protect their USD and always has good strategy to against it.

[Galley]

China has never been reckless or hastily in its activities, be it politics or economics. He always moves towards his goal, slowly but surely. Who could say half a century ago, when they melted metal in every house, that they would become such an economically powerful country, I think no one? And now that they plan to introduce the digital yuan and replace the dollar with it, I have no doubt that they will achieve it. This is CHINA, just like that with a capital letter.

[satpol_PP]

China has never been reckless or hastily in its activities, be it politics or economics. He always moves towards his goal, slowly but surely. Who could say half a century ago, when they melted metal in every house, that they would become such an economically powerful country, I think no one? And now that they plan to introduce the digital yuan and replace the dollar with it, I have no doubt that they will achieve it. This is CHINA, just like that with a capital letter.

Yes I think Chinese currency has potential to replace US dollar, but it will be big competition beet China and US.
I think we will see economic war of them.
But It is good for market . Let's see.

[de_prof]

Yes I think Chinese currency has potential to replace US dollar, but it will be big competition beet China and US.
I think we will see economic war of them.
But It is good for market . Let's see.

It will be good competition, If happened. US government will  always have good strategy for their currency. even so China.
Yuan has potential to be, but US always keep it.

[Lifetime]

China is really going to compete everything that the uS has. They have great power and also a great chance to get it. And about the currency, they may not replace it so easily. But I can see that China is really serious about it, to be more powerful on the currency

[Bliznec]

To earn more control over its economy, China intends on replacing the USD to yuan as the global currency. Since China's economic growth due to the cheap exports to the US, international trade and gross domestic product share of China increased to around 10%. This caused some conflict between China and the US.

With trade soaring, yuan's eminence grew and in August 2015 it became the fourth most frequented currency globally, it left behind its ranking in the 12th position within three years, surpassing Japanese yen, Canadian loonie and the Australian dollar. China has made it far easier to trade the yuan in foreign exchange markets.

It’s not the trade that makes USD the world’s reserve currency but the fact that there’s a sense of trust in the US economy. The transparency of the market and stability of its monetary policy are two important factors as well. Hence, it is not possible to eradicate the use of the dollar, even though it may be declined.

I think this has been discussed a lot and I think digital yuan from China is still difficult to beat US dollars. because US dollars is a currency that is very stable and has indeed been accepted by all countries around the world.

No, the yuan is the currency of China and will never replace the US dollar. I live near the border with China, but there is no yuan in circulation. The dollar is the most common currency in circulation today. Yuan is not needed by anyone except China itself. 

[Shahinaz]

China is a competitor to the USA in all respects, but I think China's intention to make its currency into an international currency. I think it is difficult to realize it, where as USA has been a super power, China has only recently dominated the economies of developing countries.

[pacar_tiri]

China is a competitor to the USA in all respects, but I think China's intention to make its currency into an international currency. I think it is difficult to realize it, where as USA has been a super power, China has only recently dominated the economies of developing countries.

Both are the biggest countries. It's difficult to happen yuan will replace the US dollars, But not impossible.
I think China government also will have good strategy to make their currency to be number one.

[Freemind]

Many things are changing in the world economy, the Yuan may not be able to beat the Dollar (although I personally believe that the Chinese currency will do it), but in recent days the United States has ceased to be the richest country in the world according to a report, now China is the richest country of the world.

If you want to read the report here is the link: https://www.bloomberg.com/news/articles/2021-11-15/global-wealth-surges-as-china-overtakes-u-s-to-grab-top-spot

[Google+]

to beat the dollar I think it takes a very long time and of course requires a lot of money. because so far the dollar has a very high strength and of course many use the US dollar so it is difficult to beat and it seems impossible.

[jhm]

Short term, no. I highly doubt that. Regardless, the Chinese economy is incredibly strong

[Fenix]

China is a competitor to the USA in all respects, but I think China's intention to make its currency into an international currency. I think it is difficult to realize it, where as USA has been a super power, China has only recently dominated the economies of developing countries.

China and the US have long been competing with each other in the economic and financial sectors. The influence of China is gradually growing in the world, so the role of the Chinese yuan will grow. First of all, the yuan will conquer regional markets and then expand further. While it is difficult to predict which currency will be stronger.

[legend45]

China is a competitor to the USA in all respects, but I think China's intention to make its currency into an international currency. I think it is difficult to realize it, where as USA has been a super power, China has only recently dominated the economies of developing countries.

China and the US have long been competing with each other in the economic and financial sectors. The influence of China is gradually growing in the world, so the role of the Chinese yuan will grow. First of all, the yuan will conquer regional markets and then expand further. While it is difficult to predict which currency will be stronger.

China and US are the biggest of country.
Each other compete and have goal become the number one.
China, we know about this country.
Has good economic and financial.
I think China dominate in trade and industry.
I also have prediction, yuan will replace dollar at the coming future.