In ‘Gaining Currency,’ a Look at China’s Global Ambitions for Its Money
Poster： ╱ Post date：2016-10-29
Issue：(Internationalization of RMB ),(RMB Exchange Rate Issues)
(Sinosphere, By Carlos Tejada) Now China has adopted a much more savvy and disciplined approach to its international engagement. First, it’s increasing its influence in existing international institutions, which allow it to influence the rules of the game from the inside. Second, it is setting up its own institutions like the A.I.I.B. [Asian Infrastructure Investment Bank] that allow it to redefine the rules of the game from the outside. Third, it is bringing lifelines to countries, and bringing them [other countries] into its embrace by setting up institutions with them.