De-dollarisation is all the rage, and probably reflects the uncertainty and pessimism arising from volatile economic and geopolitical times. But it is n’t happening as people say
With any luck – and we will need some – the maelstrom going through the banking sector and global financial markets will blow over without triggering the kind of meltdown we experienced in 2008.
In this new era of strategic competition between China and the West, disengagement is the order of the day. While this trend will impede economic growth, increase business costs, and raise prices for everyone, the economy that loses the most may well be China’s.