Despite its gains in global trade, the yuan isn’t going to replace the U.S. dollar in global reserve holdings any time soon, Standard Chartered China CEO Jean Lu argued. bit.ly/4dNFBtJ
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‘No way’ the yuan challenges the U.S. dollar—though it might gain ground against the pound or yen, says Standard Chartered’s China CEO | Fortune
“There is no way—at least in my career—for the RMB to challenge the USD,” Jean Lu said during a media roundtable in Singapore.