THIS year’s near-doubling of the yuan’s share as a global payments currency has largely gone unremarked because the figures are still rather modest, and forecasts of the dollar’s impending demise have so far turned out to be greatly exaggerated.
Ignoring the yuan’s rise because of China s recent economic troubles might be a mistake. Thanks to the country’s cumbersome capital controls, sending cash out of China has always been problematic and unpredictable. But that is poised to change now as the country takes small steps towards full capital account convertibility
Chinese Media Calls Moody s Biased , Govt Reaction Seen More Restrained usnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from usnews.com Daily Mail and Mail on Sunday newspapers.
Chinese state media called
Moody s biased on Wednesday for its negative rating outlook on
the world s No. 2 economy, but some analysts said the
government s official reaction was more restrained,. -December 06, 2023 at 03:41 am EST
- MarketScreener