China's Trump Card: Cryptocurrency and Its Game Changing Role in Sino-US Trade

Discover the impact of blockchain on the trade relationship between the world’s two largest economies 

AustCham is thrilled to welcome Chief Economist Greater China for ANZ Raymond Yeung to share his insights and predictions on the impact of Cryptocurrency on the relationship between the world's two largest economies. Drawing on his groundbreaking 2020 book, Yeung will give an analysis of the changing environment for cryptocurrency in the region and globally, and the role that it can play in leveling the playing field in geopolitics. 

About the Book:

China's Trump Card: Cryptocurrency and its Game-Changing Role in Sino-US Trade grapples with the fascinating issue of the effect of digital currencies on world trade and the relationship between China and the United States in particular. Full of forward-looking insights, solid data analysis, extensive collection of relevant literature and incisive observations, author Raymond Yeung compellingly argues that cryptocurrencies will have a significant role to play in harmonizing geopolitical power struggles. 

Covering all the subjects required for a full understanding of the future of the Sino-US trade relationship, China’s Trump Card discusses: 

• The looming risks of de-dollarization in the wake of de-globalization 
• The pressing need to construct a new currency standard superior to the fiat money regime in response to the global imbalance.    
• China's diversification of its offshore portfolios to include alternative investments  
• The implications of Facebook's plan to create a blockchain-based digital currency 
• The fact that blockchain offers a fungible asset class option for China's reserves investment, which can be relatively independent of political considerations

AustCham welcomes Members and Guests to join us for this event.

Please note: The views, thoughts, and opinions expressed by the speaker(s) belong solely to the speaker, and are not representative of the Australian Chamber of Commerce in Hong Kong.