Book Review: The RMB In The Global Economy, By Yin-Wong Cheung
November 28, 2022 at 03:30 AM EST
Since 2009, the process of globalizing RMB has not been smooth sailing and has progressed unevenly. Despite strong performance in the early 2010s the RMB is underrepresented in the global market and its presence does not match China’s economic might.