NEW YORK, January 31, 2025 — In this interview, Diana Choyleva, chief economist at Enodo Economics, senior fellow on Chinese Economy at the Asia Society Policy Institute’s Center for China Analysis, and lead author of the report “Petrodollar to Digital Yuan: China, the Gulf, and the 21st Century Path to De-Dollarization,” discusses her key findings on how China’s digital currency initiatives and its deepening ties with Arab Gulf nations could reshape global currency dynamics. She explores China’s strategic push to reduce its reliance on the U.S. dollar, challenges encountered in adopting alternative payment systems like mBridge and the digital yuan, and the Gulf states’ — particularly Saudi Arabia’s — economic calculations in balancing their relationship with both the U.S. and China. Choyleva also assesses the implications for U.S. dollar dominance and energy markets, along with key indicators to watch in the years ahead. The discussion is moderated by Lizzi C. Lee, fellow on Chinese Economy at the Asia Society Policy Institute’s Center for China Analysis. (28 min., 33 sec.)
Subscribe for more videos like this: http://AsiaSociety.org/YouTube
---
Support Asia Society today: http://AsiaSociety.org/Donate
---
Subscribe to our newsletter to stay connected: https://asiasociety.org/email-subscriptions
---
Facebook: http://facebook.com/AsiaSociety
Instagram: http://instagram.com/AsiaSociety
Twitter: http://twitter.com/AsiaSociety
LinkedIn: http://linkedin.com/company/asia-society/
#asiasociety #asiasocietypolicyinstitute #centerforchinaanalysis