,,iii  #aah? ,,congress  #a/ ,session   
,s4 ,,res4 #dfj  ,,9 ,,! ,,s5ate ,,( ,,!
 ,,unit$ ,,/ates  ,novemb] #ac1         
#bjbc,mr4 ,budd 7= himself1 ,mrs4       
,%ahe51 ,mr4 ,rubio1 ,ms4 ,klobu*>1 ,mr4
 ,man*91 & ,mr4 ,van ,holl57 submitt$ ! 
foll[+ resolution2 :i* 0 ref]r$ to !    
,committee on ,=eign ,relations         
,,resolution  ,support+ ! ,unit$ ,/ates 
doll> z ! res]ve curr5cy ( ! _w &       
combat+ ! economic influ5ce ( ! ,p's    
,republic ( ,*9a4  ,:]eas ! ,unit$      
,/ates doll> s]ves an indisp5sable role 
9 global comm]ce & f9ance2 ,:]eas !     
,unit$ ,/ates doll> repres5ts-- 7#a7 a  
/able1 rule ( law-bas$ legal sy/em2     
7#b7 democratic1 repres5tative gov]nm5t 
in/itutions2  7#c7 highly liquid &      
reliable capital m>kets2  7#d7 a robu/ &
 dynamic capitali/ dome/ic economy2     
7#e7 deep & ext5sive global trad+       
relation%ips2 &  7#f7 a significant     
commitm5t to m>ket-bas$1 free-float+    
ex*ange rates & indep5d5t monet>y       
policy2 ,:]eas ! ,int]national ,monet>y 

,fund reports ! ,unit$ ,/ates doll>     
acc\nt$ = approximately #ga p]c5t (     
global curr5cy res]ves 9 #aiii & has    
s9ce decl9$ to #eh4hh p]c5t 9 #bjbc2    
,:]eas ! ,p's r5m9bi1 ! (ficial curr5cy 
( ! ,p's ,republic ( ,*9a 7commonly     
ref]r$ to z ! 8yuan071 acc\nt$ = #b4de  
p]c5t ( global curr5cy res]ves 9 !      
second qu>t] ( #bjbc2 ,:]eas ! ,p's     
,republic ( ,*9a appe>s to h built      
sub/antial %ad[ res]ves t are "u !      
control ( ! ,p's ,bank ( ,*9a1 ! c5tral 
bank ( ! ,p's ,republic ( ,*9a1 b are   
obscur$ f int]national data2 ,:]eas1 9 !
 fall ( #bjbc1 ! ,p's ,republic ( ,*9a  
report$ly int]v5$ 9 int]national curr5cy
 m>kets to support ! r5m9bi2 ,:]eas !   
,*9ese ,communi/ ,p>ty has disreg>d$ !  
,p>is ,club & ! ,organisation =         
,economic ,co-op]ation & ,developm5t &  
saddl$ develop+ c\ntries ) opaque &     
unsu/a9able debt1 includ+ ?r\gh ! ,belt 
& ,road ,initiative2 ,:]eas ! ,*9ese    
,communi/ ,p>ty's refusal to disclose   
its l5d+ to =eign c\ntries & reluctance 

to engage 9 significant debt re/ructur+ 
is und]m9+ ! missions ( ! ,int]national 
,monet>y ,fund & ! ,_w ,bank relat$ to  
global economic developm5t & /ability2  
,:]eas ! ,*9ese ,communi/ ,p>ty is n[ ! 
l>ge/ (ficial cr$itor & provid] ( export
 subsidies 9 ! _w2 ,:]eas ! ,belt &     
,road ,initiative has l$ to an increas$ 
reliance on capital f ! ,p's ,republic (
 ,*9a 9 develop+ c\ntries2 ,:]eas1 s9ce 
#bjac1 ! ,*9ese ,communi/ ,p>ty has     
inve/$ m ?an #a1jjj1jjj1jjj1jjj 9       
projects "u ! ,belt & ,road ,initiative 
ar\nd ! _w2 ,:]eas ! ,p's ,republic (   
,*9a has be5 tak+ aggressive /eps t[>ds 
develop+ its c5tral bank digital        
curr5cy1 ! digital yuan2 ,:]eas ! ,p's  
,republic ( ,*9a has work$ to exp& ! use
 cases ( ! digital yuan = ! ,belt &     
,road ,initiative & to settle           
cross-bord] transactions2 ,:]eas ,brazil
 & ,arg5t9a1 ! two l>ge/ economies 9    
,s\? ,am]ica1 h tak5 /eps to facilitate 
_! trade ) ! ,p's ,republic ( ,*9a us+ !
 yuan in/ead ( ! ,unit$ ,/ates doll>2   

,:]eas ! ,p's ,republic ( ,*9a has s\ght
 to influ5ce ! global economy by exp&+ !
 ,,brics gr\p1 made up ( ,brazil1       
,russia1 ,india1 ,*9a1 & ,s\? ,africa1 &
 9 ,augu/ #bjbc1 ! ,,brics gr\p ann\nc$ 
x 0 invit+ ,arg5t9a1 ,egypt1 ,e?iopia1  
,iran1 ,saudi ,arabia1 & ! ,unit$ ,arab 
,emirates to jo9 ! gr\p1 & sev]al memb]s
 ( ! ,,brics gr\p h support$ us+ ! gr\p 
to support a competitor curr5cy to !    
,unit$ ,/ates doll>2 & ,:]eas ! ef=ts ( 
! ,*9ese ,communi/ ,p>ty to develop a   
p>allel f9ancial sy/em to rival ,unit$  
,/ates-l$ in/itutions poses a ?reat to !
 economy & national security ( ! ,unit$ 
,/ates3 ,n[1 !re=e1 be x ,t x is ! s5se 
( ! ,s5ate t-- 7#a7 ! ,unit$ ,/ates mu/ 
take /eps to protect ! ,unit$ ,/ates    
doll> z ! res]ve curr5cy ( ! _w & ma9ta9
 its position z a key play] 9 ! global  
f9ancial sy/em2  7#b7 ! ef=ts ( !       
,gov]nm5t ( ! ,p's ,republic ( ,*9a to  
und]m9e ! /atus ( ! ,unit$ ,/ates doll> 
z ! res]ve curr5cy ( ! _w mu/ be closely
 monitor$1 & appropriate measures mu/ be

 tak5 to c\nt] ^? ef=ts2  7#c7 ! ,unit$ 
,/ates mu/ "w to /r5g!n its economic    
ties ) critical regions ( ! _w to       
provide an alt]native to ,*9ese capital2
 &  7#d7 ! ,unit$ ,/ates mu/ cont9ue to 
"w ) its allies to promote economic     
policies t ensure gr[? & /ability across
 develop+ c\ntries4