The “rise of China” on the international stage is virtually an undisputed fact. Some even speak of China ‘eclipsing’ the United States as the preeminent world power. One element of this would likely involve the replacement of the U.S. dollar by the Renminbi as the international currency. But how likely is this scenario to play out? Lily Jia subjects this hypothesis to analytical rigour.
China’s Belt and Road Initiative (BRI) has been a contentious topic in international affairs since it was announced by President Xi Jinping in 2013. The mega-project aiming to connect Central Asia, Europe, and Africa via economic trade routes has received mixed responses from the international community for its lofty goals. Despite criticism about the plan’s Read More…
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