Hoe Ee Khor, a Singaporean economist, interprets the recent weakening of the dollar as the end of its dominance. He sees potential in the Chinese yuan to catch up with the dollar and take on a leading international role, aligning with the Chinese government's goals to promote the yuan's global use. However, challenges such as financial market restrictions and conversion difficulties hinder this process. Khor suggests that further economic openness is necessary for the yuan's globalization, which would enhance China's economic influence and support its struggling growth. The international financial dynamics currently favor Beijing, especially in light of recent trade tensions with the US, prompting Asian countries to collaborate through a currency swap program to bolster their economies against potential crises. Teljes cikk (Portfolio.hu)