I don't think China's monetary revolution will be successful because Huawei out of the 100 largest companies in the world has only 96. Hundreds of US companies have greater influence and much higher liquidity with the influence of a company from China.
Do you mean Huawei is the only Chinese company in global ranking and it sits at the 96th spot? If yes, then you should drop a source, browsing through various websites which uses different metrics to rank companies and they all had various Chinese firms in their list;
Check •
https://en.m.wikipedia.org/wiki/List_of_largest_companies_by_revenue•
Forbes Global 2000There is an obvious currency war going on between the top ranked fiats, and with China leading the charge into
digital block chain currencies (CBDCs) this would give them an edge (in the digital curve) over other nations yet to embrace digital assets, I however do not think it would make the Yuan the global reserve currency.
The system of government in China makes it unfavourable for businesses and with such a heavily controlled financial market, firms would be less willing to hold their funds in a blockchain Yuan, which would function exactly as the traditional fiat.