China is now the fourth largest economy in the world and the third largest trading partner. In particular, China is the largest trading partner of many Asian economies, and has become an increasingly important source of investment in the region. As the rapid economic growth continues and the restrictions on international financial transactions are gradually liberalized, China’s importance in the global economy and financial system will increase further. This begs the question of what role the Chinese currency, the renminbi, will play in international trade and finance, particularly in the Asian region. These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.
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