Fri, May 24, 2019

Chris Campbell Shares Insights on China’s New Silk Road

Chris Campbell, Chief Strategist at Duff & Phelps as well as the Duff & Phelps Institute, shares his insights on Yahoo Finance on China’s new Belt and Road Initiative, and why there's no reason to be concerned about the U.S. dollar being displaced by the renminbi as the global reserve currency.

"They're a long, long way away from that," he added. "The Chinese have a very long view ... on economic strategies, but I did not see any evidence of that while I was at the Treasury.” Chris said he saw "no evidence to panic [over] the degradation of the U.S. dollar as the common currency. The RMB is far from being in a place where it can displace the USD."

Read the full article here.

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