China’s RMB reform signals Beijing’s confidence in economy

2 November 2020 | 4 minutes read

China’s success in dealing with the COVID-19 pandemic is allowing it to undertake a reform that was unthinkable in recent memory — giving up some control of the renminbi, and allowing its fate to be decided by market forces. The move towards allowing its currency to trade more flexibly against foreign currencies, mostly the US dollar, would lead to substantial…

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