China’s currency revolution defies odds on the global stage

China’s renminbi has been on a wild ride this year, and it’s not just because of rollercoaster-like fluctuations in its value. The currency has been underperforming, especially against the US dollar, with an 8.5% depreciation from its January lows. However, this seeming setback is part of a larger, more intriguing story: the renminbi’s growing influence ... source: https://www.cryptopolitan.com/china-yuan-revolution-on-the-global-stage/