人民幣

Dollar unchallenged for now as China falters in renminbi push

Late last month a flurry of annual conferences were held in which China officials met the great and the good of the rest of the world.

Both the China Development Forum in Beijing and the Boao Forum for Asia in Hainan, for example, followed a script whose message has been constant: China’s engagement with the world grows ever deeper and more intense.

In recent years, though, that dynamic has not included the People’s Bank of China and the renminbi.

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