Tricky troika: The internationalisation of China’s currency has stalled

Oct 12, 2017
Print section Print Rubric:  The yuan’s internationalisation stalls and may not pick up soon Print Headline:  Tricky troika Print Fly Title:  China’s currency UK Only Article:  standard article Issue:  China’s Xi Jinping has more clout than Donald Trump. The world should be wary Fly Title:  Tricky troika Main image:  20171014_fnp506.jpg ON OCTOBER 18TH, President Xi Jinping will preside in Beijing over the most important political event in five years. At the Communist Party’s 19th congress much will be made of the triumphs achieved in nearly four decades of reform and opening up. So expect a glossing over of one part of that process where progress has largely stalled: the “internationalisation” of China’s currency, the yuan. This seems odd. Just a year ago, the yuan became the fifth currency in the basket that forms the IMF’s Special Drawing Right (SDR). This ...

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