The renminbi challenge3 min read . Updated: 15 Oct 2012, 06:12 PM IST
China needs to move towards a more transparent rules-based bureaucracy to achieve its monetary goals
Last month, China unveiled its first aircraft carrier, and is gearing up to challenge the United States in the South China Sea. By initiating a plan to internationalize its currency, China is similarly seeking to challenge the dollar on the international stage.
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