This past weekend, the Chinese government announced that it would allow a gradual appreciation of the country's currency, the RMB. Today we speak to Patrick Chovanec, an associate professor at Tsinghua University's School of Economics and Business.
The Chinese are serious to make the yuan an international currency. There have been some good reforms made the past year and more is expected. That comes from one of the Deputy Governors of the central bank speaking at the National People’s Congress yesterday.
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