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'Dark cloud' of trade war hovers over Chinese yuan's globalization
Aug 15, 2018
'Dark cloud' of trade war hovers over Chinese yuan's globalization
'Dark cloud' of trade war hovers over Chinese yuan's globalization
'Dark cloud' of trade war hovers over Chinese yuan's globalization
The U.S.-China tariff war is adding to weakness in the yuan, as Beijing seeks to promote it as a global currency in line with the country's growing economic clout.
Internationalization of the renminbi could slow as the trade war drags on, analysts say.
However, they say, the story surrounding the yuan's future is complex and can't be summed up only in relation to China's trade tensions with the U.S.