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War in Ukraine might give the Chinese yuan the boost it needs to become a major global currency -- and be a serious contender against the US dollar

  • Written by Tuugi Chuluun, Associate Professor of Finance, Loyola University Maryland
War in Ukraine might give the Chinese yuan the boost it needs to become a major global currency -- and be a serious contender against the US dollarChina and the U.S. compete to be the world's largest economy, but the dollar dominates the yuan as a currency.peng song/Moment Collection/Getty Images

The Chinese economy’s sheer size and rapid growth are impressive.

China maintained one of the highest economic growth rates in the world for more than a quarter of a century, helping lift over...

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