The dollar shouldn’t be the reserve currency, but neither should the renminbi
Authors: Matthew Harrison, HKIIF and Geng Xiao, PKU With the renminbi used for only around 2 per cent of international transactions and reserve holdings, it’s still far from supplanting the US dollar as the currency of choice and its use lags far behind what China’s 16 per cent share of the global economy would suggest. … Read more