The people's money how China is building a global currency

Description

Money is the game changer -- China's extraordinary, but still unfinished transformation -- A financially repressed economy -- China: a trading nation without an international currency -- Living with a 'dwarf' currency -- Creating an international currency -- Building a market for the renminbi -- The renminbi moves around (and goes beyond the offshore market) -- The road to reforms -- The age of Chinese money.;Many of the world's major economies boast dominant international currencies. Not so for China. Its renminbi has lagged far behind the pound, the euro, and the dollar in global circulation#x97;and for good reason. China has long privileged economic policies that have fueled development at the expense of the renminbi's growth, and it has become clear that the underpowered currency is threatening China's future. The nation's leaders now face the daunting task of strengthening the currency without losing control of the nation's economy or risking total collapse. How are they approaching this challenge.