| China's yuan isn't yet ready for the world stage, despite Beijing's big push to turn it into an international reserve currency, according to former Federal Reserve Chairman Ben Bernanke.
Doing so "involves more than just being a strong economy," Bernanke said in Hong Kong on Tuesday. "To move in that direction, China will have to continue to liberalize its capital account, current trading regimes, and strengthen and deepen its bond markets and other asset markets."..............................................Full Article: Source
|