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3min chapter
China’s third attempt to internationalise its currency
The Sound of Economics
China's First Attempt to Internationalize its Currency
The speakers discuss China's initial efforts to internationalize the RMB by creating an offshore market in Hong Kong, but the lack of products and assets hindered its success. The collapse of the offshore market and the intervention of the People's Bank of China are also explored.
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Discover
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Listen to the best highlights from the podcasts you love and dive into the full episode