Assessing the stability of the Chinese economy and the nature of its economic governance, this text examines how internationalisation has impacted on financial market development in China and how far this has contributed to the development of new institutions within China

"Until recently the world has been relying on the US dollar and the Euro to lubricate the flow of global trade and finance. A newcomer, the Renminbi (RMB) or Chinese Yuan, joined the global monetary system in 2000. The rise of the RMB is both an indicator and a result of the evolution in the...