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Articles on Trade

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China and the U.S. compete to be the world’s largest economy, but the dollar dominates the yuan as a currency. peng song/Moment Collection/Getty Images

War in Ukraine might give the Chinese yuan the boost it needs to become a major global currency – and be a serious contender against the US dollar

Despite China’s economic power, the yuan lags as a major global currency. Here’s why current US interest rates and sanctions on Russia may change that.
Activists in Dhaka demand safe working conditions in 2019, on the anniversary of the Rana Plaza collapse. Mamunur Rashid/NurPhoto via Getty Images

Fast fashion still comes with deadly risks, 10 years after the Rana Plaza disaster – the industry’s many moving pieces make it easy to cut corners

Ten years after the collapse at Rana Plaza in Bangladesh, the garment industry’s deadliest disaster, reforms are incomplete. The opaqueness of today’s complex supply chain is part of the problem.

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