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The question I've never seen answered is why would China want the rmb to become a global reserve? I've heard some BS about global respect, but there's no way that can outweigh the downside for them. Namely, that when everyone hoards your currency, its value is inflated, damaging exports. I've always assumed Germany intentionally contributed to the euro chaos because their export dependent economy benefited from it. I doubt China would invite domestic strife for something as intangible as global respect.