The People's Bank of China (PBOC), pictured, is under no obligation to explain its thinking on engineering moves in the yuan. Photo: Bloomberg
Neal Kimberley
Opinion

Opinion

Macroscope by Neal Kimberley

Beijing’s meddling means the yuan may never be a truly global currency

The Chinese government’s resistance to a fully market-determined exchange rate limits the willingness of international markets to adopt the yuan

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The People's Bank of China (PBOC), pictured, is under no obligation to explain its thinking on engineering moves in the yuan. Photo: Bloomberg
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