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Writing China: The Limits of the Yuan’s Global Rise

Poster:Post date:2016-09-25
Catergory:Interviews
Region:(China)
Issue:(Internationalization of RMB ),(RMB Exchange Rate Issues)
(China Real Time Report, By Lingling Wei) The objective of making the yuan a truly global currency still serves the Chinese leadership well. It provides a framework for pushing forward capital-account opening, financial-sector reforms and exchange-rate flexibility, and blunting domestic opposition to those reforms. In the book, I describe this as a “Trojan horse” strategy. Whatever happens with the yuan’s prominence on the world stage, such reforms are good for the Chinese economy.  
Last modification time:2016-10-01 AM 5:05

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