Wang Xin, Director of the Research Bureau of the Central Bank: The future status of the US dollar depends on the decline of market confidence in the US dollar in two aspects
According to online reports, at the 2025 Lujiazui Forum, Wang Xin, director (director) of the Research Bureau (Counselor Office) of the People's Bank of China, said that the future status of the US dollar depends on the US economy and US policies on the one hand. We have already seen that a lot has happened. Great changes have already seen a decline in market confidence in the US dollar. On the other hand, it also depends on the various developments of other major currencies and other major currency issuers, which is a comprehensive result. Overall, it should be a better improvement if we move from a system that relies too much on the US dollar to a system where several major currencies compete with each other and have certain constraints and incentives on the policies of major currency issuers. (Jin Shi)
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