Renminbi Debt in a Dollar-Denominated World
https://www.project-syndicate.org/commentary/renminbi-debt-role-to-play-in-development-finance-by-paola-subacchi-2025-09
Renminbi-denominated loans are only a tiny fraction of dollar-denominated borrowing. But developing countries' persistent need for external finance could accelerate the Chinese currency's rise and ultimately reshape the international monetary system, even if the dollar is not dethroned.https://www.project-syndicate.org/commentary/renminbi-debt-role-to-play-in-development-finance-by-paola-subacchi-2025-09