China’s yuan internationalisation strategy needs ‘persistent, strong foreign demand’

China should focus on increasing the soft power of the yuan as part of its internationalisation strategy, rather than looking solely at the liberalisation of its restrictions on the capital account, according to a senior government adviser.Renmin University vice-president Liu Yuanchun said China should look to drive demand for yuan-denominated assets to support internationalisation.“The strategic adjustment is not to turn to the capital account, nor make it fully open,” he told a closed-door…

China’s yuan internationalisation strategy needs ‘persistent, strong foreign demand’
South China Morning Post

Wed, 21 Jul 2021 20:30:15 +0800 Source:
China’s yuan internationalisation strategy needs ‘persistent, strong foreign demand’

South China Morning Post

57 news during 24h before Wed, 21 Jul 2021 20:30:15 +0800

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Thai protest art: risk of police harassment, prison and online trolls makes artists more subtle in their works

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South China Morning Post

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National security law: list of Apple Daily arrests grows as police detain executive editor-in-chief

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South China Morning Post

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South China Morning Post

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South China Morning Post

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How safe is US ‘nuclear football’? Pentagon to find out

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South China Morning Post

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China’s athletes determined to win gold at Tokyo Olympics despite Covid-19 challenges

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South China Morning Post

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New Territories homes lose their discounts to Kowloon as Hong Kong’s longest subway line closes distances and narrows price gaps

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South China Morning Post

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South China Morning Post

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South China Morning Post

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South China Morning Post

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Will China’s cybersecurity review of IPOs close the door on tech firms raising funds in New York?

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South China Morning Post

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South China Morning Post

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South China Morning Post

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South China Morning Post

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Olympics: Who can beat American gymnast Simone Biles? Only Simone Biles

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South China Morning Post

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South China Morning Post

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South China Morning Post

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South China Morning Post

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South China Morning Post

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Chinese cities face power outages as economic rebound, heat put grids under pressure

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South China Morning Post

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Vladimir Putin hails Russia’s air power as new fighter aircraft is unveiled

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South China Morning Post

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South China Morning Post

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