China Undercuts Its Own Efforts to Make the Renminbi an International Currency

MIN READJun 7, 2021 | 14:50 GMT

An employee counts money at a branch of Industrial and Commercial Bank of China on July 26, 2011 in Huaibei, Anhui province, China.

(VCG/VCG via Getty Images)

Struggles by the People's Bank of China to manage financial inflows are a subtle, yet significant, signal working against further renminbi internationalization, even as China touts its new e-yuan as a monetary innovation that will erode the dollar's dominance....

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