This paper reviews the steps that China has taken towards financial reform with a particular focus on capital account … liberalisation and internationalisation of the use of the renminbi. After a slowdown in reform momentum during the global financial …, China's debt has doubled, reaching levels that are clearly above those of most emerging markets. This increases the risks …

issues from multiple perspectives based on this framework. Written by former chief economist at the Bank of China, this book … explains the “two-step strategy” from the capital account opening to the full convertibility of the RMB, it also analyzes the … convertibility of the RMB -- Chapter 7 Way of accelerating the RMB’s internationalization -- Chapter 8 Prospect of internationalizing …

and management of the renminbi. -- renminbi internationalisation ; net international asset position ; convertibility …Since the 2008 global financial crisis, China has rolled out a number of initiatives to actively promote the … international role of the renminbi and to denominate more of its international claims away from the US dollar and into the renminbi …