This morning (June 14, 2023) Dallas time 8:00 am, in its “ZOOM Forum on China in the Modern World”, organized by Singapore’s World Scientific Publication Corporation (WSPC), one of Asia’s most respected geopolitical and geoeconomic commentators, Dr. Joanna Lei, was the special guest to discuss the issue of the “Globalization of the Ren Min Bi”.
The co-moderators of the Forum are Da Hsuan Feng, Zhiqun Zhu and Steven Pei.
As the world is transitioning from “unipolar” to “multipolar”, one of the unexpected outcomes, although it should be, is the rise of the importance, and hence the globalization of the Ren Min Bi is receiving a great deal of attention.
In this forum, Dr. Lei presented a concise and comprehensive discussion of what a currency becoming global means. This is especially important because the world up to this point has had the complete domination of the US dollars, hence one of the important aspects of unipolar. With China’s becoming one of the dominant economic powers in the 21st century, especially since more than 140 nations have China as their major trading partners, how the Chinese currency, namely the Ren Min Bi, will and should play an unprecedented and vital role!
Here is the YouTube video of the full forum: https://www.youtube.com/watch?v=AgvGj8xm9Xw