China’s currency can do more to erode US dollar dominance through liberalisation and transparency, particularly in letting market forces determine its value. Photo: Reuters
David Brown
Opinion

Opinion

Macroscope by David Brown

How China can improve the global appeal of the yuan and take on the US dollar

David Brown says there is room for the yuan to play a bigger role in the global economy, but for that to happen Beijing needs to loosen capital controls, allow the currency to be freely convertible and show greater transparency

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China’s currency can do more to erode US dollar dominance through liberalisation and transparency, particularly in letting market forces determine its value. Photo: Reuters
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David Brown

David Brown

David Brown is the chief executive of New View Economics. Over a career spanning four decades in London, David held roles as chief economist in a number of international investment banks.