Investors give their take on renminbi reform

Jul 29, 2010

Asset managers believe Western economies, other Asian currencies and commodities will benefit from renminbi reform. But they are less positive on China itself.

The consensus is that China's June announcement on renminbi reform changed very little and was more of a symbolic move to relieve international pressure. But any move by China -- particularly one with such major global implications -- can hardly fail to affect the markets, particularly on a long-term view.

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