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

Opinion

Jake's View by Jake Van Der Kamp

Why the yuan will never be a true international currency

Name: SCMP
Telephone: +852-2680-8888

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

Published: 2:47pm, 3 Oct, 2016

Updated: 2:54pm, 20 Jul, 2018

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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