How China’s Renminbi Went From Overpriced Certificates To Major International Currency

China is the world’s second largest economy, yet it exercises tremendous capital control including restrictions on its currency, the renminbi. Chinese officials have previously said that they want to make the currency fully convertible by 2015. Some, like Deutsche Bank’s Alan Cloete, have made bo…

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How China’s Renminbi Went From Overpriced Certificates To Major International Currency

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