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Less Than Meets the Eye to Yuan Liberalization
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Less Than Meets the Eye to Yuan Liberalization

Philip Bowring's avatar
Philip Bowring
Dec 30, 2008
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Asia Sentinel
Asia Sentinel
Less Than Meets the Eye to Yuan Liberalization
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Much has been made, particularly in Hong Kong, of China’s decision last week to allow settlement of certain cross-border trade in yuan. For sure, this is a step forward towards full convertibility which would increase the role of the nation’s currency. However, the notion that it will significantly reduce the role of the US dollar in trade transactions …

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