Highly unlikely that China would have any desire for the yuan to become a reserve currency since they want to be able to control its value on the global market. What’s far more likely is that we’ll see a BRICS backed currency along the lines of Bancor that Keynes advocated for emerge.
Thanks to trump, the US will cease to be the reserve currency in 10 years of less. China will LOVE to control the world’s reserve currency.
Highly unlikely that China would have any desire for the yuan to become a reserve currency since they want to be able to control its value on the global market. What’s far more likely is that we’ll see a BRICS backed currency along the lines of Bancor that Keynes advocated for emerge.