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Global investors shift to RMB opportunities, as China bids farewell to USD-driven growth

April 5, 2024
in Business
Global investors shift to RMB opportunities, as China bids farewell to USD-driven growth
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Global investors shift to RMB opportunities, as China bids farewell to USD-driven growth

Photo by Eric Prouzet on Unsplash

Even as US money pulls out from China due to prolonged geopolitical challenges, global investors continue to view the country as a market of opportunities. But many believe the way to capture its future growth will not be through US dollars—like it was in the past two decades—but in local currency, amid Beijing’s seriousness to boost the domestic capital markets and homegrown technologies.

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