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The forbidden currency: when will the RMB go global?
As business leaders gather in Eastern China for a conference known as the summer Davos, the Chinese Premier Li Keqiang is there to try to explain why China will avoid a hard landing as it shifts from making cheap exports to a consumer driven economy. As China embraces more market reforms the question remains; what about its currency? Will we ever see the RMB free floating, a fully fledged international trade-able currency?
03:30 minutes
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