Emerging Insights

For two decades, a plurality of small economies have built their position in the global marketplace on a simple premise: China's insatiable appetite for inputs. It's well known though that this engine of global growth is sputtering under the weight of debt, demographics, Donald (Trump), and a dosage of the middle income trap. Yet, as China's property sector unravels and its economy pivots away from heavy industry, a new narrative has taken hold in policy circles and investmen

Executive Summary Beijing’s campaign to internationalize the renminbi (RMB) is often interpreted through a geopolitical lens as a direct challenge to the supremacy of the U.S. dollar. However, new analysis reveals a more pragmatic driver behind the yuan’s growing global role: economic survival. Data from the Center for Emerging Economies’ Yuan Adoption Tracker shows that emerging markets are not ditching the dollar in alignment with a Chinese political project, but rather as