Question
Until a few years ago the Chinese yuan (or renminbi) was not much used internationally. In what ways, and to what extent, is this changing?
Until a few years ago the Chinese yuan (or renminbi) was not much used internationally. In what ways, and to what extent, is this changing? Why? What are the benefits and costs to China from greater international use of the yuan? Should China promote greater international use? What do you think will happen in the next five to ten years? When will the yuan become the equal of the U.S. dollar in international uses?Until a few years ago the Chinese yuan (or renminbi) was not much used internationally. In what ways, and to what extent, is this changing? Why? What are the benefits and costs to China from greater international use of the yuan? Should China promote greater international use? What do you think will happen in the next five to ten years? When will the yuan become the equal of the U.S. dollar in international uses?
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