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By Michael Power
Strategist, Investec Asset Management
In three decades, China has grown to become the world’s largest exporter, importer, foreign exchange reserve owner, and second-largest economy in the world. Yet, for all this growth, the global role of the renminbi does not match China’s economic status: the currency is still only the fifth most traded globally. As the Chinese authorities introduce economic reforms, and increased domestic and overseas investment plans are put in place, is full internationalisation of this powerhouse currency finally on the cards? Investec Asset Management Global
Strategist Michael Power outlines what to expect for the renminbi in 2015 and beyond.Return to Investment Institute