This photo illustration shows a Chinese 100 yuan note (red) and a US 100 dollar note, in Beijing on April 8, 2025. China vowed on April 8 to "fight to the end" against fresh tariffs of 50 percent threatened by US President Donald Trump, further aggravating a trade war that has already wiped trillions off global markets. (Photo by Jade GAO / AFP) (Photo by JADE GAO/AFP via Getty Images)
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China's currency alternative to the US dollar

A recent commentary published in a Chinese Communist Party journal has amplified Chinese leader Xi Jinping's desire to turn the Chinese currency into a global reserve currency. CNN anchor and correspondent Kristie Lu Stout explains why there are stills barriers to this.

1:06 • Source: CNN
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This photo illustration shows a Chinese 100 yuan note (red) and a US 100 dollar note, in Beijing on April 8, 2025. China vowed on April 8 to "fight to the end" against fresh tariffs of 50 percent threatened by US President Donald Trump, further aggravating a trade war that has already wiped trillions off global markets. (Photo by Jade GAO / AFP) (Photo by JADE GAO/AFP via Getty Images)
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China's currency alternative to the US dollar
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