Yuan unlikely to rule in short term
Experts agree reforms must come first
- Published: 15 Oct 2012 at 00.00
- Newspaper section: Business
While some observers argue the Chinese renminbi could emerge as the potential rival to the US dollar and dominate Asia's currency market, the chance is likely to be remote for at least the next two decades, according to experts.
Stablising exchange rates is a better solution to enhancing trade and investment, says Dr Park. THITI WANNAMONTHA
Asia is far too diverse in terms of economic development standards to utilise a single currency while China still lacks certain necessary fundamentals for the liberalisation of the yuan, according to experts speaking on Saturday at the 6th Asia-Europe Editors' Roundtable.
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