US Media: Trump Supports a Weaker Dollar, Providing Opportunities for China
Trump's attitude towards a weaker dollar may provide an opportunity for China to achieve the internationalization of the renminbi. Trump hopes for a weaker dollar to enhance the competitiveness of American manufacturing, and his statements have led to significant fluctuations in the dollar recently.
Despite differing opinions from the US Treasury and the Federal Reserve, the instability of the dollar has provided China with an opportunity to accelerate the internationalization of the renminbi.
Currently, about one-third of China's foreign trade is settled in renminbi.
Original article: toutiao.com/article/1856026756987908/
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