Chinese Prof Says CCP “Accelerating Plans” to Replace American Dollar.

Di Dongsheng, associate dean of the School of International Studies at Renmin University in Beijing, said recently that China is trying to use pandemic-caused economic shifts to challenge and replace the “dominance” of the US dollar in “global markets and trade,” in a February 4 video posted on Chinese social media. “The currency that fixes the price will eventually be the renminbi (yuan),” stated Di. Last April, Di declared the Covid-19 pandemic an opportunity “unseen in 100 years,” an opportunity to make “all seven billion people in the world pay for [China].”   Di, who has “contributed to China’s foreign

Chinese Yuan Hits 17-Month High On Hopes Of Biden Presidency

The Chinese Yuan has hit a 17-month high on “Joe Biden’s US presidential election hopes as Donald Trump loses ground,” according to the South China Morning Post. The economic development comes in the heels of a U.S. intelligence report identifying the Chinese Communist Party as seeking a Biden victory in the 2020 election. According to the South China Morning Post: “China’s yuan trading outside the mainland surged to its highest level in 17 months on Tuesday after new polls showed challenger Joe Biden had increased his lead over US President Donald Trump in the race for the White House that