Kean Fan Lim

Kean Fan Lim

Dr Kean Fan Lim is a lecturer in economic geography at the Centre for Urban and Regional Development Studies, Newcastle University, UK.

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Macroscope | Ten years after China’s renminbi went global, what keeps it from really challenging the US dollar as a reserve currency?

China retains tight control over its financial system – in sharp contrast to the US’ open market – to limit exposure to foreign crises, but this keeps its currency from replacing the dollar as the preferred medium for market exchange.

China retains tight control over its financial system – in sharp contrast to the US’ open market – to limit exposure to foreign crises, but this keeps its currency from replacing the dollar as the preferred medium for market exchange.

18 Apr 2019 - 10:35AM