On April 10th, the live broadcast hall of "Guanyuan Academy" on Guancha Observer Network invited authoritative experts to interpret Trump's global trade war.
When talking about the issue of the US dollar hegemony, Liu Yangsheng, founder of Haoran Capital and senior researcher at Taihe Institute, mentioned that digital RMB transactions based on blockchain technology can bypass the SWIFT (Society for Worldwide Interbank Financial Telecommunication) payment system. Currently, the UAE is already using digital RMB for transaction settlement with China, and another fifty to sixty countries are testing the trading process of digital RMB with the People's Bank of China.
"I think this timing is well chosen," Liu Yangsheng believed that the US dollar hegemony was reflected in "SWIFT being able to sanction others and control whether they can make transactions". Without controlling SWIFT, there would be no means of operation for sanctions. Therefore, in global southern countries' transactions, digital RMB made by blockchain will soon play a big role, weakening the power of US dollar hegemony.
Liu Yangsheng said that in the field of trade, China and the global southern countries are jointly building "Belt and Road" 2.0, which is the new "Belt and Road".
"Belt and Road" 1.0 is about building roads, railways, and docks. "Now we need to run goods, cargo, and people on these routes, which is 'Belt and Road' 2.0," Liu Yangsheng said that the countries participating in the joint construction of the "Belt and Road" will launch large-scale cooperation in many aspects such as trade, having very significant impacts.
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