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1 post from December 2015

Why China wants to Join SDR?

to end RMB's long-term tie with dollar will not be an easy journey. China will have to address the exodus of capital out of the country due to investors' expectation of RMB's further depreciation. The instability of its currency may also affect the currencies of some developing countries which are China's major trade partners, ultimately hurting their economies. In the end, the rest of the world may all feel the pain. Read more →