A man photographs a 100-yuan note in Tiananmen Square, Beijing. Photo: EPA

Why a Tobin tax could help to stabilise the renminbi

Lawrence J. Lau argues that levying a tax on currency trades would enable China to fight off speculators and channel capital to trade and investment, while boosting the yuan’s credibility

Topic |   Yuan

TOP PICKS

A man photographs a 100-yuan note in Tiananmen Square, Beijing. Photo: EPA
READ FULL ARTICLE