But among the currencies of the six largest economies in the world, China’s renminbi is the only one that is not traded easily and accepted worldwide—that is, it is not a hard currency. China’s ...
Campanella, Edoardo, and Meg Rithmire. "What Future for the Renminbi in the Global Monetary System?" Chap. 7 in U.S.-China Relations for the 2030s: Toward a Realistic Scenario for Coexistence, edited ...
In early 2018, the Chinese renminbi's rebound was stopped by then US president Trump's initiatives to escalate US-China trade tensions. The Chinese currency briefly tested the 7 per dollar mark at ...
CHINESE firms from carmakers to miners are ramping up their overseas spending, adding to pressure on the renminbi amid an accompanying exodus of foreign capital. Chinese non-financial companies ...