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Business briefing · Sunday, November 1, 2026 · Morning edition · Story 4 of 5
China views yuan as secondary to dollar in global markets
An expert compares the yuan to Pepsi and the dollar to Coke, stating the yuan is not a market leader but can be used when needed. The expert notes the yuan cannot replace the dollar without more accessible renminbi assets.
Why it matters: The yuan's limited role highlights challenges for China in competing with the dollar globally.
Sources: Fortune
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