In this episode, panelists examine China’s efforts to reduce its dependence on the U.S. dollar and build alternatives to the dollar-centered international financial system. Experts also assess the progress and limits of these efforts—including the internationalization of the renminbi, the development of alternative payment systems, and China’s growing financial ties with emerging markets—and what they mean for the future of U.S. financial power.
Host: Edward Fishman, Senior Fellow and Director of the Maurice R. Greenberg Center for Geoeconomics, Council on Foreign Relations
Guests: Martin Chorzempa, Dennis Weatherstone Senior Fellow, Peterson Institute for International Economics; CFR Term Member
Robert Greene, Partner and Chief Operating Officer, Patomak Global Partners; Nonresident Scholar, Asia Program and Technology and International Affairs Program, Carnegie Endowment for International Peace
Jess Hoversen, Chief Economist, Column; Nonresident Senior Fellow, GeoEconomics Center, Atlantic Council
Want more comprehensive analysis of global news and events sent straight to your inbox? Subscribe to CFR’s Daily News Brief newsletter.
To keep tabs on all CFR events, visit cfr.org/events. To watch this event, please visit CFR’s YouTube channel:China's Challenge to the U.S. Dolla