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![JChengWSJ Avatar](https://lunarcrush.com/gi/w:24/cr:twitter::382788364.png) Jonathan Cheng [@JChengWSJ](/creator/twitter/JChengWSJ) on x 85.8K followers
Created: 2025-07-14 02:50:00 UTC

Tokenization alone won’t internationalize the yuan, Morgan Stanley economists wrote in a note, saying the real work lies in reforms at home, including shifting the economy toward consumption and strengthening global confidence in Chinese growth.


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