President Xi Jinping calls for the Chinese yuan (renminbi) to achieve global reserve currency status

2026-02-03 - 08:20

President Xi Jinping has explicitly called for the Chinese yuan (renminbi) to achieve global reserve currency status. This move is widely characterized as a direct long-term challenge to the hegemony of the U.S. dollar. In an article published in Qiushi, the Communist Party’s primary theoretical journal, on February 1, 2026, Xi outlined the requirement for