Caixin Media
10.24.16
The Yuan’s Internationalization is Just Beginning
The official acceptance of the yuan (or renminbi) into the International Monetary Fund’s elite currency club on October 1 marked a milestone in the Chinese government’s campaign to boost the yuan’s international appeal.Inclusion of the yuan in the...
ChinaFile Recommends
10.03.16China Marks Milestone With Yuan’s Entry Into IMF Reserve Basket
Wall Street Journal
Move confers a measure of legitimacy after Beijiing’s yearslong effort to internationalize its currency; remains far from countering dollar’s status
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09.21.16Chinese Central Bank Designates Renminbi Clearing Bank in New York
Financial Times
First offshore renminbi settlement bank in US fills major gap
ChinaFile Recommends
09.12.13Milestone for Yuan Marks Rise of China
Wall Street Journal
China for the first time joined the ranks of the most-traded international currencies, underscoring the rise of the world’s second-largest economy and the growth of the global foreign-exchange market.
Caixin Media
07.18.12Financial Reform Has Only Begun
The Chinese economy’s rapid growth over the past thirty years has fundamentally changed global economic structures. But our achievements have come at a price: We have run up against hard limits in many areas, including factor investment costs and...
Caixin Media
07.11.12
Economic Ties that Bind
Labor leader Wayne Swan has his finger on the pulse of the Australian economy as the nation’s deputy prime minister and treasurer, which means he’s well-equipped to explain factors defining the increasingly robust relationship between China and...
Reports
05.01.12
RMB Internationalization: Onshore/Offshore Links
Luo Xiaoyuan
International Monetary Fund (IMF)
Among emerging market currencies, the RMB holds the most potential to become widely used internationally, due to China‘s large economic size, diversified trade structure and network, macroeconomic stability, and high growth rates - both current and...