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The global financial crisis and shifting geopolitical landscape have greatly accelerated the internationalization of the RMB. As a currency bolstered by China’s economy, the RMB holds two unparalleled advantages compared to the US dollar and euro.
The Rise of the Civilizational State (Part I)
The term “civilizational state” is in vogue. Coined by Professor Zhang Weiwei, this emerging model of development and political discourse poses a challenge to Western assumptions.