| 08.08.2011 Other Voices: Internationalization of the renminbi is inevitable but will take time |
| By Dr Yang Tao, chief economist at the publication, China’s Economy & Policy, and director general of research base for industrial finance at the Chinese Academy of Social Sciences. In the 1960s, as a consequence of the sterling crisis, US monetary policy and the cold war, a large amount of US dollar assets moved into European banks. This confluence of factors helped establish the offshore m |
| Article source: http://www.thegateway-group.com/cep/share/Dr-Yang-offshore-RMB-paper-on-South-China-Morning-Post.PDF - Opalesque is not responsible for the content of external internet sites |