China has tried to boost the overseas use of its currency but is still restrained by yuan convertibility and its own capital controls. Photo: Reuters
China’s yuan gets higher weight in IMF special drawing rights
  • The Chinese currency’s weight has been raised to 12.28 per cent, 1.36 percentage points higher than the 2016 assessment
  • China’s will for opening up is unshakeable, its central bank says, responding to doubts over its dual circulation and zero-Covid strategies
16 May 2022 - 12:31PM