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'Dark cloud' of trade war hovers over Chinese yuan's globalization

2018-08-15 10:06:43      View:

'Dark cloud' of trade war hovers over Chinese yuan's globalization   

  • The U.S.-China tariff war is adding to weakness in the yuan, as Beijing seeks to promote it as a global currency in line with the country's growing economic clout.
  • Internationalization of the renminbi could slow as the trade war drags on, analysts say.
  • However, they say, the story surrounding the yuan's future is complex and can't be summed up only in relation to China's trade tensions with the U.S.

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