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As one of the largest and most complex financial systems in the world, how does China's financial system fuel growth, manage risk, and power the world's second-largest economy? Professor He Ping, associate dean of Tsinghua University's School of Economics and Management, provides a clear-eyed breakdown of its core mechanisms and key functions. | CGTN
2:05
As one of the largest and most complex financial systems in the world, how does China's financial system fuel growth, manage risk, and power the world's second-largest economy? Professor He Ping, associate dean of Tsinghua University's School of Economics and Management, provides a clear-eyed breakdown of its core mechanisms and key functions. | CGTN
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China has launched its biggest financial move yet — a global strategy that could weaken the US dollar and reshape the world economy. From converting international loans into Chinese yuan to building a parallel banking system through CIPS, Beijing is quietly pushing countries away from the dollar-based system. Nations across Asia, Africa, and the Middle East are already shifting their payments, oil trade, and major projects into yuan. This video explains China’s new debt-conversion plan, how it i
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