The Economist reports: “China is ditching the dollar, fast”.
Over 30% of China’s trade in goods & services is now done in its own currency, RMB.
China settles over 50% of its total cross-border receipts (including financial flows) in yuan, up from less than 1% in 2010.
Marx statement is better because Lenin said “British millionaires” which is obviously outdated now, but Marx “aristocracy of finance” remain still relevant.
That’s a good point.