From a boon to a bane

Category: Asia, China, Hong Kong
By Natalie Leung

RMB internationalisation no longer a top priority for China

Beijing wants to liberalise its exchange rate as part of its financial reform, but its policies reveal a downgrading of its priority to internationalise the renminbi (RMB), implying it still has a long way to go before gaining the status of a global currency

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