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Yanliang Miao | Global Monetary Order Reset and RMB Internationalization

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Lecture

Mon, Apr 27, 2026

4:30 PM – 6 PM EDT (GMT-4)

Please select a time slot

Louis A. Simpson International Building, Room A71

Princeton, NJ 08544, United States

Details

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Predictions of the “end of the dollar” have repeatedly failed. However, this time might indeed be different. The dollar’s own Exorbitant Privilege—when abused or overused - can also generate cracks that weaken the hegemony and make it increasingly possible for emerging markets to escape the Dollar Trap and seek alternatives, including the RMB. Historically, shifts in the dominant currency tend to follow a “Slow Build-up, Fast Trigger” pattern, things may happen more slowly than expected, but once they begin, they often move faster than expected. The real turning point in the current U.S. dollar-based system is the first historical moment in which two processes have overlapped: the rise of an external challenger and the internal decay of the center country.

Where

Louis A. Simpson International Building, Room A71

Princeton, NJ 08544, United States

Speakers

Yanliang Miao's profile photo

Yanliang Miao

Senior Managing Director, Chief Strategist

China International Capital Corporation

Biography



Dr. Miao Yanliang joined CICC in March 2023 as Chief Strategist Executive Head of Research Department, and Managing Director,  and was promoted to Senior Managing Director in January 2026.  Dr. Miao is among the most sought-after and influential analysts in China, known for his sharp intellect and insights in connecting markets, policy and economics. Before CICC, he served for 10 years at China State Administration of Foreign Exchange (SAFE), including as its Chief Economist since May 2018. He joined SAFE in 2013 as Senior Advisor to the Administrator and then Head of Research. He helped formulate global macro views and built a top-notch research platform for the world’s largest sovereign wealth manager. As Chief Economist, he also advises the senior management of PBC/SAFE on a range of economic and policy issues. Before SAFE, he was an economist with the IMF where he worked on emerging markets and then the euro area crisis including as policy coordinator for the Portugal program. Before the IMF, he was visiting the Bank of Israel in 2007 as special assistant to the Governor and taught economics at the Woodrow Wilson School of Princeton University.



Dr. Miao is an adjunct professor of Peking University’s National School of Development, a member of China Finance 40 Forum, a trustee of Shanghai University and an external member of the Academic Committee of China Development Bank. He has authored two widely acclaimed central banking books in China and publishes extensively on global macro and occasionally as a columnist for Project Syndicate. He holds a Ph.D., an M.A., an M.P.A., all from Princeton University, and an M.A. in economics from Fudan University.



Yanliang Miao, Ph.D.

Senior Managing Director, Chief Strategist, China International Capital Corporation (CICC)



Adjunct Professor, National School of Development, Peking University


Sponsors

Paul and Marcia Wythes Center on Contemporary China. No image description provided

Hosted By

Center on Contemporary China | View More Events
Co-hosted with: Princeton Institute for International & Regional Studies, Center on Contemporary China (OWNER)