How China is transforming into a financial giant

Communist Yuan will soon challenge capitalist Dollar for the #1 spot

(An edited version of this was published in the Chinese media Global Times: Trade prowess will inevitably accelerate pace of internationalization of yuan)

In 1995, China’s share of global manufacturing was just 4%, while the US was five times bigger. Merely fifteen years later, China surpassed the US to become the world’s manufacturing powerhouse, and ha…