International Security & Foreign Policy

China’s Quest for Financial Self-Reliance: How Beijing Plans to Decouple from the Dollar-Based Global Trading and Financial System

Grant Year: 2021


Dinny McMahon and Diana Choyleva will analyze China’s strategies and efforts to reduce its vulnerabilities resulting from the U.S. dollar–led global financial system and to promote the Chinese currency as an alternative to the dollar. They will conduct research using primary and secondary Chinese source materials; conduct interviews in the United States, Asia, and Europe; and convene a group to critique their findings. The project’s findings will appear in a series of reports.

Woodrow Wilson Center International Security & Foreign Policy

$200,000