, potential impending changes in the Asian monetary and exchange rate regimes in Asia are discussed. Projecting the growth of the … Chinese economy into the future, the weight of the RMB in the financial markets will increase globally as well as in Asia …

The Chinese authorities described the management of the renminbi after its 2005 unpegging from the US dollar as … the two years from mid-2006 to mid-2008, the renminbi strengthened gradually against trading partners' currencies within a … narrow band. In mid-2008, the financial crisis interrupted this experiment and the bilateral renminbi/dollar exchange rate …