lørdag 19. desember 2015

China’s Renminbi Declines After Being Named a Global Currency, Posing Challenges

At the end of last month, the Chinese renminbi was anointed as one of the world’s elite currencies, a first for an emerging market and a widely hailed acknowledgment of China’s rising financial influence and economic might. But soon after reaching that milestone, the renminbi started slowly and steadily falling as Chinese companies and individuals moved huge sums of money out of the country’s weakening economy. Read more