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The People's Money: How China is Building a Global Currency

Paola Subacchi




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 | #1119363 in eBooks |  2016-11-15 |  2016-11-15 | File type: PDF

||2 of 2 people found the following review helpful.| Enormously Informative|By David Wineberg|The People’s Money is (at long last) a comprehensive overview of how the Chinese banking system operates. It tells how different the Chinese system is from any other, and presumably, allows importers, exporters and banks to avoid falling into numerous traps, from which there might be no return.

The Chinese “system&| |Paola Subacchi brings a wealth of knowledge of China's economy and politics to this fascinating and informative exploration of China's currency, considering how the economic giant will develop its 'renminbi strategy' and take its proper place on the world's fi

Many of the world’s major economies boast dominant international currencies. Not so for China. Its renminbi has lagged far behind the pound, the euro, and the dollar in global circulation—and for good reason. China has long privileged economic policies that have fueled development at the expense of the renminbi’s growth, and it has become clear that the underpowered currency is threatening China’s future. The nation’s leaders now face the da...

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