The Renminbi Zone.
Michael Vatikiotis and Bertil Lintner.
- Far Eastern Economic Review, 2003.
- SIRS Enduring Issues 2004. Article 32, Business, 1522-3191; .
Articles Contained in SIRS Enduring Issues 2004. Originally Published: The Renminbi Zone, May 29, 2003; pp. 24-28.
"Something surprising is happening to China's currency. Although not fully convertible, the renminbi, the 'people's money,' is growing in use as a hard currency outside China--the first sign of its potential role as 'Asia's money.'" (FAR EASTERN ECONOMIC REVIEW) This article discusses how "the rise of the renminbi is a quiet result of the rapid growth of China's economy, and a conscious effort by the government in the past few years to deepen trade ties with the rest of Asia."