A case for the renminbi's growing maturity.

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    • Subject Terms:
      CHINA
    • Abstract:
      The article discusses how change in the global economic and political environment is a key reason to the renminbi's performance in 2017. The uncertain outlook of the renminbi is a positive development for the currency as it is finally breaking away from its simplistic one-sided appreciating or depreciating nature. Another key criteria of an international currency is to have an established payments system based on a corresponding bank model.