The Diplomat

China’s Accelerating Efforts to Internationalize the Renminbi

China is pursuing a strategy of selective RMB integration – eschewing full capital account liberalization and avoiding a direct challenge to dollar hegemony. In recent weeks, a cluster of news reports ...
The New York Times

China’s Weak Currency Is Powering Its Exports and Drawing Criticism

China’s renminbi is lagging the currencies of key trading partners, making Chinese goods and services cheap and helping to drive exports. By Keith Bradsher Reporting from Beijing A night at the ...
The Diplomat

Debt Relief as Currency Strategy: China’s Renminbi Push in Africa

Kenya has converted part of its Chinese loans from U.S. dollars into renminbi (RMB), while Ethiopia is negotiating a similar arrangement. These conversions provide fiscal relief while embedding ...
The New York Times

I.M.F. Prods China, Gently, on Its Weak Currency

Caught between Beijing and the Trump administration, the International Monetary Fund offered mild criticism of China for relying too heavily on exports. By Keith Bradsher Reporting from Beijing China ...