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​One Currency, Two Markets
China's Attempt to Internationalize the Renminbi

                                                                                            -  Edwin L.-C. LAI

The Chinese government is trying to internationalize the RMB.

But what are the real reasons for doing it?

Will it succeed?

What are the factors working in its favor?

What are the impediments?

​What are the implications for the rest of the world?
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​...

 "This is far and away the most comprehensive and up-to-date analysis of renminbi internationalization. "
- Barry Eichengreen,
George C. Pardee and Helen N. Pardee ​Professor of Economics and Political Science, University of California, Berkeley
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Copyright ​© Edwin Lun-Cheung Lai 2021