How can China’s renminbi become a global reserve currency? episode artwork

EPISODE · Feb 2, 2026 · 54 MIN

How can China’s renminbi become a global reserve currency?

from World Today

① Xi Jinping has published an article, calling for building China into a financial powerhouse. He says China needs to build a strong currency that will reach the status of a global reserve. What remain to be done in expanding the yuan’s global footprint? (00:47) ② What’s at stake in Uruguayan President Yamandu Orsi’s week-long visit to China? (14:21) ③ Donald Trump has nominated Kevin Warsh to be the next chair of the US Federal Reserve. What do we know about Warsh? (24:56) ④ As US-Iran tensions boost oil prices, why has OPEC+ decided to maintain its current oil production levels? (35:36) ⑤ China’s annual Spring Festival travel rush began on Monday. Why is a new record expected for the number of travels during this year’s rush? (45:19)

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How can China’s renminbi become a global reserve currency?

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