According to the media, Chinese leader Xi Jinping announced that the government would internationalize the national currency, imposing the yuan as a means of international exchange capable of replacing the US dollar and becoming the global reserve currency. Meanwhile, analysts say that the yuan is unlikely to completely outperform the greenback in the next 20 years. Notably, the euro, the world’s second-largest currency, failed to overtake the mighty dollar. As for the yuan, it ranks fourth in the global economy. Earlier, at the Communist Party Congress, Chinese President Xi Jinping said that the country's goal was to become economically independent and withstand external threats, counteracting imposed sanctions. According to the Chinese authorities, one such countermeasure is the internationalization of the yuan. According to analysts, this contributes to further dedollarisation of the Chinese economy. Notably, most developing countries, mainly those under sanctions, ingrain dedollarisation in their economic policies. Despite dissatisfaction with the dominance of the US and its currency, China does not insist on the immediate replacement of the US dollar. The Chinese authorities have adopted a wait-and-see attitude and are trying to maintain mutually beneficial relations with other countries.