April 30, 2023

The Renminbi’s New Role: Sanctions Busting

Source: The Wire China

Journalist: Grady McGregor

“CIPS was created to facilitate better, more efficient settlement of the renminbi. It is still far, far away from being an institution that has significant influence in the international financial system” says Emily Jin, a researcher at the Center for a New American Security, the Washington think tank. “But it’s fair to think that elite policymakers inside of China have U.S. sanction power in the back of their heads when they’re refining its capabilities.”

Read the full story and more from The Wire China.

Authors

  • Emily Jin

    Former Research Associate, Energy, Economics, and Security Program

    Emily Jin is a former Research Associate for the Energy, Economics, and Security Program at CNAS. Her research focuses on U.S.-China competition over regional influence and gl...