What changes when China’s leader finally states a reserve currency ambition explicitly? Xi Jinping has now done so, calling for the renminbi to attain global reserve currency status, not in a speech to foreign investors or at an international summit, but in Qiushi, the Chinese Communist Party’s flagship ideological journal.The language, drawn from a speech Xi delivered to senior regional officials in 2024, was published only recently. That timing is part of the signal. Qiushi is not a platform for trial balloons or external messaging. It is where the party formalizes priorities once internal consensus has formed, often well after an idea has circulatedThe post Xi Has Made China’s Currency Ambition Explicit appeared first on War on the Rocks.