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by 2510c39011c5 3072 days ago
I think one of the major benefits is, when china’s currency is accepted by other countries, that means the products (or service) made in china are accepted by other countries. When chinese products are accepted by other countries, those countries are willing to use their own products to trade with those chinese products...

I am not talking about specific products, but those manufacturing in macro sense...

There is no use to hold a certain currency when you are not able to use it for the time being or at some point of time in the future...and the more you hold a certain currency, the longer you are expecting it is useable or the more you expect it to increase its value.