“What constitutes a strong financial nation?” according to Xi’s remarks published Saturday by the Qiushi magazine, based on his 2024 speech. “First, it should have a powerful currency, widely used in international trade, investment and foreign exchange markets, holding the status of a global reserve currency.” The remarks in Qiushi, the Communist Party’s flagship journal and a window into high-level policy intent, likely signal China’s drive to internationalize the yuan and expand its financial clout.