China's dilemma over developing offshore RMB
The market is growing fast, but it will need to be reconciled with the onshore RMB market as Beijing targets full convertibility and reserve currency status. How far should it develop its offshore market?
There are question marks over how far China will develop its offshore RMB market, since at some point, perhaps in the near future, there will be a convergence with the onshore market as Beijing targets full convertibility and reserve-currency status.
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