The government in Beijing wants to establish the renminbi as a global reserve currency. While the Chinese currency is becoming increasingly popular for trade and financial transactions, it has so far been unable to pose much of a threat to the US dollar. There is simply a lack of confidence in the Chinese financial system, according to Arvind Subramanian and Josh Felman.
Von Ning Wang
The turmoil surrounding Gamestop has helped a Chinese trading app to a breakthrough in the US. The competition had blocked critical orders, leaving a gap for Webull. The up-and-coming app uses smartphones to find its way into stock market trading.
Von