Economic Analysis using simple regression for the role of the Chinese Yuan in the Global Monetary System. Recently, China has taken steps to promote the Yuan's use internationally, but denies a flexible exchange rate and refuses to open the economy to allow free flow of capital. Regardless, China's rising GDP and trade foretell a rising role for the RMB (Yuan) in international finance and trade. Knowing this and also using any outside sources necessary, please use simple regression and use economic analysis to answer the following question:
Do you think China's Yuan will ever be used as a global reserve asset or even possibly surpass the U.S. dollar? Why or why not?