Opinion | Why China is steering clear of the US’ ‘exorbitant privilege’ model
- Posted on September 11, 2026
- By South China Morning Post
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- 1 min read
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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.
