China’s fast-rising currency is elbowing its way onto the world stage, and it’s poised to stay there, according to this sanguine look at the renminbi (RMB) from the Economist Intelligence Unit. The report doesn’t shy away from addressing the problems and complexities associated with the RMB, but its authors reach the inexorable conclusion that China’s currency has cemented its place in global commerce and foreign exchange. getAbstract suggests this eye-opening report to treasury officers and risk managers seeking insight into a currency that’s gaining ground.
In this summary, you will learn
- Why China’s renminbi (RMB) is growing as a global currency,
- How some companies manage their RMB transactions and
- What challenges RMB users face.
About the Author
The Economist Intelligence Unit is an independent research and analysis organization.