---
title: "Sharma says China remains 'incomplete superpower' despite gains"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/286843518.md"
description: "Sharma highlights that China's yuan constitutes only 2% of global reserves, despite its significant GDP and trade share. HSBC, Deutsche Bank, and Goldman Sachs have raised yuan forecasts due to strong exports and better U.S.-China trade relations. However, capital controls and limited market openness are structural barriers that impede the yuan's internationalization, leaving China as an 'incomplete superpower' in financial terms."
datetime: "2026-05-19T02:23:18.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/286843518.md)
  - [en](https://longbridge.com/en/news/286843518.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/286843518.md)
---

# Sharma says China remains 'incomplete superpower' despite gains

Financial power gap: Sharma notes China’s yuan accounts for just 2% of global reserves despite its large share of global GDP and trade. Currency outlook: HSBC, Deutsche Bank, and Goldman Sachs raised yuan forecasts, citing export strength and improved U.S.-China trade relations. Structural barriers: Capital controls and limited market openness hinder yuan internationalization, keeping China behind in financial clout.

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