World Economics - Insight , Analysis and Data

World Economics - Insight , Analysis and Data
The Chinese Renminbi (Yuan)
Friedrich Wu, Pan Rongfang & Wang Di
World Economics, March 2010

This paper is a tentative endeavour to delineate the potential of the renminbi to become a global currency. It first analyses the critical economic, financial and policy attributes that are required to support a currency to gain an international role. It then examines whether China has the potential to acquire these attributes. The paper concludes by offering some provisional observations on the implications for Asia and the global economy should the renminbi evolve into a world currency in the coming decades.
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