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The Future of the Yuan | Foreign Affairs

Yet the emerging narrative about the yuan’s ascendance is mostly wrong. The global rise of China’s currency will be slower than commonly predicted, and the yuan is more likely to assume a place among secondary reserve currencies -- the euro, the yen, the Swiss franc, and the British pound -- than it is to displace the dollar as the dominant one. Nor is it even clear that China wants the yuan to replace the dollar. Beijing’s steps toward currency internationalization reflect not a fully formed, coherent long-term strategy but rather an evolving process shaped by splits among China’s policymakers over the scope and speed of financial reform. Far from confirming the inevitability of the yuan’s rise, China’s uncertain effort to internationalize its currency has exposed the profound struggles that lie behind the country’s larger push to transform its economic model.

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Prominent Chinese dissident says warned, computers taken

Prominent Chinese dissident says warned, computers taken | UC2012 | Scoop.it
BEIJING (Reuters) - One of China's most prominent dissidents, Hu Jia, said police confiscated two computers from his home on Wednesday and warned that he could face renewed detention or investigation on...
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How Britain and China will rise or fall together Caixin Online

How Britain and China will rise or fall together Caixin Online | UC2012 | Scoop.it
As the world becomes increasingly interconnected, Sino-British engagement is more important than ever, U.K. Foreign Secretary William Hague writes in a commentary for Caixin Online.
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China inflation eases to 15-month low, policy easing eyed

China inflation eases to 15-month low, policy easing eyed | UC2012 | Scoop.it
BEIJING (Reuters) - China's inflation rate eased to a 15-month low in December, though sticky food prices are a reminder of the risks the government is weighing as it tilts policy towards boosting growth...
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