Summary of A Delicate Stage

The Future of the Renminbi as a Global Investment Currency

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A Delicate Stage  summary
China’s economic influence continues to expand, particularly as the renminbi moves toward global reserve currency status.

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8 Overall

8 Importance

7 Innovation

8 Style

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.

In this summary, you will learn

  • How the renminbi is shaping up to become a future global reserve currency
  • What steps markets, financial institutions and Chinese authorities are taking to achieve this end
  • How global firms can navigate the process
 

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


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