KUALA LUMPUR: An academician has predicted that the Chinese yuan will replace the US dollar as the main trading currency in 10 to 15 years.
China Europe International Business School dean Dr John Quelch said the emergence of China as one of the world's major economies amid the slowdown in the Western economies could foster the country's currency role as the main trading medium in the future.
Quelch said this in a session titled “Mapping Global Growth” at the 11th Forbes Global CEO Conference here yesterday. He was one of the panellists at the session.
Meanwhile, Globis University president and dean Yoshito Hori forecast that the United States could recover from its current economic crisis within five years, unlike the eurozone which could take up to 10 years. - Bernama
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