China | From greenback to redbackOfficials believe that the yuan has finally come of age Illustration: Mariaelena CaputiCHINA’S LEADERS sense an epic opportunity. President Donald Trump’s erratic trade policy, gaping fiscal deficits and threats to the independence of America’s Federal Reserve risk badly hurting the dollar. It has slumped 7% on a trade-weighted basis since January, and had its worst start to a year since 1973. By contrast, China’s tightly controlled currency, the yuan, has reache...