The Internationalization of Chinese Yuan Is Slow Going

The Internationalization of Chinese Yuan Is Slow Going
U.S. dollar notes are counted next to stacks of Chinese 100 yuan bank notes at a bank in Huaibei, in eastern China's Anhui Province, on Sept. 23, 2014. STR/AFP/Getty Images
Antonio Graceffo
Updated:
Commentary
China is now the world’s largest manufacturing producer, the largest exporter, and the second largest economy. And yet, the dollar, not the Chinese yuan, is the global currency of choice.
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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