CNH model tipped to be adopted in US within 10 years

The offshore CNH model could be adopted in the US within the next decade although on a far bigger scale as befitting China’s largest trading partner, says Citi Private Bank’s chief investment strategist, John Woods. As a precursor to full RMB convertibility, the CNH model will likely continue for up to 20 years, Woods notes, and therefore “is relevant for those countries with extremely strong trading relationships with China”. “I would not be at all surprised if over the next five to …