NEW YORK, NY / ACCESS Newswire / December 15, 2025 / For more than a century, the global financial system has rested on an unchallenged assumption. Central banks believe they know what sits in their vaults. ...

“The global financial system is seeing major shifts beneath a seemingly calm surface,” writes the head of the IMF in a guest essay for The World Ahead. “This is a daunting landscape—but one whose future contours are at least apparent” https://t.co/hhE3J2tFPs ...

Currency Internationalization - China is intensifying efforts to internationalize the Renminbi (RMB) and decrease reliance on the US dollar [1] - RMB overseas lending is increasing significantly [1] - Beijing is creating more channels for foreign investment in Chinese bonds [1] - China has established an alternative payment system to circumvent US sanctions [2] - Several countries, including Angola, Ethiopia, and Kenya, have converted old dollar debts into RMB this year [2] Trade and Investment - A significant portion of the increase in RMB lending is in trade financing [1] - Beijing aims to reduce exposure to policies that weaponize the dollar [1] - More sovereign borrowers are issuing RMB debt due to relatively low interest rates in China [2] - China seeks to increase the RMB's role in global trade and investment while maintaining a closed capital account [3] Strategic Objectives - China does not intend to replace the US dollar as the dominant global currency [3]

[Music] I've got to say I feel quite self-conscious about standing here today. And that's because what I'm about to share with you is something that none of you want to hear. About three years ago, I was hit with a brutal, brutal truth. that we were no longer going to make it. Those climate deadlines, we were missing them. And those planetary boundaries that we'd been warned about, we were surpassing them over and over again. And then a veritable cluster of other crises arrived. AI. So AI singularity is set ...