Trade war or not, one thing is clear, according to many experts: The global importance of the Chinese yuan seems destined to rise. Strategists and economists say flows in the currency will grow over the long term if China continues to gradually open its financial system and further pushes use of the yuan internationally. But it won’t all be smooth sailing, and a gap in Chinese authorities’ willingness to allow more funds into the country is likely to remain.
Experts forecast China’s yuan to become a global heavyweight – trade war or not
by Signs of the Times | Dec 3, 2018 | Uncategorized |