The Yuan also rises
Reflecting global reach, credibility of national governance and economic dominance, currency convertibility can be facilitated in practice but cannot be summoned by diktat; trust will be earned in the long haul
Yuan
China's Enduring Malaise - Darkness before dawn ?
Backed in a corner as debt-financed investment growth fails to deliver, the Chinese economy is facing hard choices to rebalance the country's GDP drivers, and its financial system, while remaining protective of the CCP's social contract