Moody’s Global Emerging Markets Summit 2023: High hopes, higher risks?
Moody's Talks - Emerging Markets Decoded
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The Decline of the Renminbi in the International Monetary System
It's very unlikely indeed that China will ever get rid of its capital controls. As long as it remains true, the renminbi is kind of hobbled in its growth. And so even China's rise as a kind of financial actor has been dollar-based. The decline took place at a time just after China lost a trillion dollars of foreign exchange reserves.
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