A Chinese clerk counts RMB (renminbi) yuan banknotes at a bank in Nantong city, east China's Jiangsu province, 1 March 2016. Photo Imaginechina A Chinese clerk counts RMB (renminbi) yuan banknotes at a bank in Nantong city, east China's Jiangsu province, 1 March 2016. Photo Imaginechina
A Chinese clerk counts RMB (renminbi) yuan banknotes at a bank in Nantong city, east China's Jiangsu province, 1 March 2016. Photo Imaginechina
Jake Van Der Kamp
Opinion

Opinion

Jake's View by Jake Van Der Kamp

Why the yuan will never be a true international currency

Beijing’s obsession with the yuan’s ranking among global trade currencies is meaningless trivia

A Chinese clerk counts RMB (renminbi) yuan banknotes at a bank in Nantong city, east China's Jiangsu province, 1 March 2016. Photo Imaginechina A Chinese clerk counts RMB (renminbi) yuan banknotes at a bank in Nantong city, east China's Jiangsu province, 1 March 2016. Photo Imaginechina
A Chinese clerk counts RMB (renminbi) yuan banknotes at a bank in Nantong city, east China's Jiangsu province, 1 March 2016. Photo Imaginechina
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Jake Van Der Kamp

Jake Van Der Kamp

Jake van der Kamp is a native of the Netherlands, a Canadian citizen, and a longtime Hong Kong resident. He started as a South China Morning Post business reporter in 1978, soon made a career change to investment analyst and returned to the newspaper in 1998 as a financial columnist.