National Academy of Development and Strategy says China should be main source of liquidity for developing countries.
China should focus on providing yuan-denominated debt financing to developing countries to accelerate the global de-dollarisation drive, rather than pinning hope on a strengthening euro, a Beijing-based think tank said on Thursday.
The call from Renmin University’s National Academy of Development and Strategy came amid discussions in academic and policy circles in China about possible responses to what is likely to be a more hawkish United States’ government – irrespective of whether Donald Trump or Kamala Harris wins Tuesday’s presidential election.
