Summary of A Delicate Stage

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A Delicate Stage summary
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Rating

8

Qualities

  • Comprehensive
  • For Beginners

Recommendation

Already the world’s second-largest economy, China is pursuing the integration of the renminbi (RMB) into the global economic complex. Despite a tumultuous summer in 2015 – which saw the Chinese economy experience a slowdown, a collapsing stock market and a currency devaluation – the RMB is taking on an ever greater presence in global business transactions and trading. Though published just before the RMB’s official acceptance into the International Monetary Fund’s Special Drawing Rights basket, this informative Economist Intelligence Unit survey details the current state of the Chinese currency and its expected trajectory as an institutional investment and global reserve currency. getAbstract recommends this report to executives looking for a concise yet thorough examination of where the RMB is headed in the future.

About the Author

The Economist Intelligence Unit is an independent research and analysis organization.

 

Summary

The Chinese renminbi (RMB) is already a staple global currency in business transactions, ranking behind the US dollar, the euro, and the British pound in terms of payment values. The RMB’s evolution into a mature global investment currency, which depends on its full convertibility and the market’s confidence, is moving toward fruition. A survey of financial services executives from both China and abroad finds that this transition is occurring rapidly: Some 63% of Chinese respondents believe that full convertibility and free trading of ...


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