From Greenback to Renminbi – the Internationalisation of CNY
From Greenback to Renminbi –
the Internationalisation of CNY
by Peter Wong, Chairman, IACCT (China)
China entered the ‘brave new world’ in 2001 when it became the latest member of the World Trade Organization (WTO). State-owned banks at the time were saddled with non-performing loans....