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Xi Jinping Advocates Strong Currency for Global Trade Dominance

2/1/2026

Summary

Story summary

President Xi Jinping outlined in Qiushi, the Communist Party's theoretical journal, that China aims to establish a strong currency to boost its role in international trade and gain global reserve status.
He emphasized a robust economic foundation and world-leading technology.
He highlighted the need for a credible currency and a financial system tailored to China's conditions.
It contrasts this approach with Western models.
It calls for financial regulation and infrastructure.

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Story summary

President Xi Jinping outlined in Qiushi, the Communist Party's theoretical journal, that China aims to establish a strong currency to boost its role in international trade and gain global reserve status.
He emphasized a robust economic foundation and world-leading technology.
He highlighted the need for a credible currency and a financial system tailored to China's conditions.
It contrasts this approach with Western models.
It calls for financial regulation and infrastructure.