Reuters features the Atlantic Council report Renminbi Ascending: How China’s Currency Impacts Global Markets, Foreign Policy, and Transatlantic Financial Regulation in an article on plans for the internationalization of the yuan:

The increasing use of the yuan internationally could lead to a healthier global economy, but if Beijing fails to handle the project successfully it could spark currency wars and create systemic risk in financial markets, the Atlantic Council warned on Monday.

The US based global affairs think tank said China needs to be more transparent in its policies and timetable for opening up its capital account, and should make credible institutional and regulatory reforms.

Read the full article here.

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