A study of the renminbi this week outlines how the Chinese currency’s international status still pales in comparison with the dollar’s – and it also offers a blueprint for how Beijing can change that, writes Simon Rabinovitch .
There is excitement and concern globally about the renminbi’s ascendancy.
But the study by the Brookings Institution shows that internationalisation of the currency would do far more to change China before it has a chance to change the world.
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