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Beijing Wants to Make the Yuan International, Without Releasing Capital Controls

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Beijing Wants to Make the Yuan International, Without Releasing Capital Controls
A bank employee counts out 100-yuan notes at a bank in Shanghai on Aug. 8, 2018. Johannes Eisele/AFP via Getty Images
Antonio Graceffo
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News Analysis

Beijing wants the yuan to be truly global, but this will be impossible unless the Chinese Communist Party (CCP) releases its capital controls and allows the currency’s value to be set by the markets.

Antonio Graceffo
Antonio Graceffo
Author
Antonio Graceffo, Ph.D., is a China economy analyst who has spent more than 20 years in Asia. Graceffo is a graduate of the Shanghai University of Sport, holds an MBA from Shanghai Jiaotong University, and studied national security at American Military University.
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