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China’s push for internationalisation of its currency Renminbi meets limited success

China’s push for internationalisation of its currency Renminbi meets limited success

May 24, 2023, at 08:12 pm

China’s meteoric economic rise since the launch of the Reform Era by Deng Xiaoping in the late 1970s has been increasingly accompanied by a desire to promote the international usage of the Chinese national currency, the Renminbi (RMB).