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Topic - Peter Thai Larsen
China's leaders are gleeful that the chronic crises emanating out of Washington helps elevate China in the world's eye as a much-needed source of stability while furthering Beijing's goal of posing an alternative to a U.S.-centric world economy.
But beyond that, Mr. Larsen said, China hopes to encourage other nations to start using its own currency, the yuan, as a replacement for the U.S. dollar in world trade and banking.
"All of this will advance that agenda," he said, referring to the shutdown and deadlock that shook markets around the world in the past two weeks.