The Chinese yuan has joined other world currencies in the IMF’s special drawing rights basket. Photo: ReutersThe Chinese yuan has joined other world currencies in the IMF’s special drawing rights basket. Photo: Reuters
The Chinese yuan has joined other world currencies in the IMF’s special drawing rights basket. Photo: Reuters

Is China’s dream to make yuan an alternative to the US dollar now falling apart?

Fall in renminbi’s value since October shows that challenging US dollar’s status will be long process, say analysts

Topic |   China economy
The Chinese yuan has joined other world currencies in the IMF’s special drawing rights basket. Photo: ReutersThe Chinese yuan has joined other world currencies in the IMF’s special drawing rights basket. Photo: Reuters
The Chinese yuan has joined other world currencies in the IMF’s special drawing rights basket. Photo: Reuters
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