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

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