renminbi
How Will the Digital Yuan Impact Luxury Consumption?
As testing continues on China’s much-anticipated digital currency, how much will this help to internationalize the Renminbi while undermining the US dollar? Read More
Will London Luxury Boutiques Soon Stock Chinese Yuan?
Considering the impact that Chinese tourist-shoppers are starting to make in shopping meccas like London, it might not be long before the RMB becomes a popular currency among retailers, and more established western brands come under Chinese ownership. Read More-
Will The RMB Bridge The Taiwan Strait?
China seems to have taken a two-part approach to the issue of global currency flows, consistently calling for the replacement of the dollar by a new SDR at the top policy level, while at the same time working on a more private level with many of the countries and territories with which it trades to settle transactions in RMB. Read More -
The Yuan’s Growing Global Reach: How Will It Affect The Art World?
Today, a piece on the internationalization of the Chinese yuan by Ha Jiming, the chief economist at China International Capital, China's largest investment bank, was published on Forbes.com. Ha believes that -- within the next decade -- the yuan will be a fully internationalized currency, and that the implications for this will be important and far-ranging. Read More
