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Opinion | Why China is steering clear of the US’ ‘exorbitant privilege’ model

Beijing is decoupling the internationalisation of the yuan as a transactional currency from the role of an unconstrained global reserve store of value.

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venerdì 11 settembre 2026·scmp.com
Opinion | Why China is steering clear of the US’ ‘exorbitant privilege’ model
Beijing is decoupling the internationalisation of the yuan as a transactional currency from the role of an unconstrained global reserve store of value.