Meaning of Fitch’s US downgrade, de-dollarisation push in Gulf as China moves in with Yuan & CIPS

#cuttheclutter
China posing CIPS as an alternative to SWIFT & promoting trade with the Middle East in yuan adds to challenge to US image of global financial superpower. In Episode 1284 of Cut The Clutter, Editor-in-Chief Shekhar Gupta adds context to Fitch downgrading default rating for US from 'AAA' to 'AA+'.

‪@kumarakomlakeresortkerala‬
‪@pauljohnresortsandhotels‬
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Read 'Fitch Downgrades the United States' Long-Term Ratings to 'AA+' from 'AAA'; Outlook Stable' here: https://www.fitchratings.com/research...

Read 'The state of de-dollarisation in the Gulf region' here: https://www.iiss.org/en/publications/...
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