| Author (Person) | Ryan, John |
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| Publisher | Royal Institute for International Relations (Egmont Institute) |
| Series Title | Egmont Security Policy Briefs |
| Series Details | No.82 (March 2017) |
| Publication Date | 23/03/2017 |
| Content Type | Journal | Series | Blog |
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As of early 2017, the Chinese government had made great strides in its ambition to turn the Renminbi, sometimes known as Chinese Yuan, into a global reserve currency. The importance of Europe to China’s economy was unquestionable, so Brexit was an unwelcomed event. China’s resolve to reduce its US Dollar exposure had intensified following the election of Donald Trump as president of the United States in November 2016. This political friction reinforced concern by China that the US could intentionally slip into a situation in which a trade war might have occured. Such a trade war between China and the US could have a detrimental effect on the global economy. |
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| Source Link | Link to Main Source http://aei.pitt.edu/86887/ |
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| Countries / Regions | China, Europe |
