【Central Bank Research Bureau Director Wang Xin: The Future Status of the Dollar Depends on Two Aspects, Market Confidence in the Dollar Has Declined】 Today at the 2025 Lujiazui Forum, Wang Xin, Director of the Research Bureau (Advisory Office) of the People's Bank of China, stated that the future status of the dollar depends on two aspects: on one hand, the U.S. economy and U.S. policy, where we have already seen significant changes and a decline in market confidence in the dollar. On the other hand, it also depends on the development of other major currencies and the issuing countries of those currencies, which is a comprehensive result. Overall, if we move from an over-reliance on the dollar system to a situation where several major currencies compete with each other, it should provide some constraints and incentives for the policies of the major currency issuing countries, which would be a better improvement.