If you think China needs to dethrone U.S. dollar, you don’t understand how it is waging global currency war

Every June, policymakers, regulators, bankers, investors, and financial executives gather in Shanghai for the Lujiazui Forum, China’s premier financial policy conference. If Davos is where global elites discuss the future of the world economy, Lujiazui is increasingly where Beijing signals how it intends to shape that future to serve its own interests.