Tuesday, August 11, 2015

Boom-bust cycle renews renminbi doubts - FT.com

Boom-bust cycle renews renminbi doubts - FT.com




As China proceeds cautiously but inexorably with financial reform, the importance of the renminbi is bound to increase. But whether the currency will ever take on an importance commensurate with China’s status as the world’s largest economy (in purchasing power parity terms) is still an open question.

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