China regards its money as an ambassador to the world. It would like the yuan - or renminbi - to be held in just as much esteem as the euro, or even the US dollar; in other words, a truly global currency. Yet there are major barriers to the internationalisation of the renminbi, including its limited convertibility and China’s cautious approach towards financial openness. Arthur Kroeber, a founding partner of Gavekal Dragonomics, offers his perspective in this conversation with podcast host, Duncan Bartlett.
China In Context: Episode 62
Broadcast date: 26 April, 2022