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The Dollar-Renminbi Conundrum (OMFIF, 3 min read) Renminbi won’t replace dollar anytime soon. The volatility caused by it will be detrimental for China. China is gradually liberalising and opening up to the world, and renminbi as an anchor right now would be impractical.
China and Russia Must Work Together to Defeat Covid-19, Xi Jinping Tells Vladimir Putin (South China Morning Post, 5 min read) Russia is standing firmly with China amid escalating political tension with the West over the handling and origins of the virus.