Yuan unlikely to rule in short term | Bangkok Post: business

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Yuan unlikely to rule in short term

Experts agree reforms must come first

While some observers argue the Chinese renminbi could emerge as the potential rival to the US dollar and dominate Asia's currency market, the chance is likely to be remote for at least the next two decades, according to experts.

Stablising exchange rates is a better solution to enhancing trade and investment, says Dr Park. THITI WANNAMONTHA

Asia is far too diverse in terms of economic development standards to utilise a single currency while China still lacks certain necessary fundamentals for the liberalisation of the yuan, according to experts speaking on Saturday at the 6th Asia-Europe Editors' Roundtable.

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  • boons

    United StatesPost : 660

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    Discussion 1 : 15 Oct 2012 at 21.441

    A strong Yuan would be disastrous for China. The economy is already deeply unstable and Chinese society is starting to come apart at the seams. A rise in currency values from here is the last thing they want.

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