China Needs Greater U.S. Support for Evolving Yuan

SUBSCRIBE NOW
Free Newsletter

BEIJING — As policymakers from the world’s two largest economies gather in Washington for the third U.S.-China Strategic and Economic Dialogue, the Chinese yuan is trading at a 30-year high against the dollar, while its convertibility has expanded significantly since this time last year, and bullish sentiment surrounds its future evolution. Although this may suggest China is finally getting serious about rationalizing the value of the yuan, recent measures are geared toward internationalization rather than genuine liberalization, and China’s economy is still decades away from being able to support a free-floating currency. It is in the U.S. interest to support […]

TO READ MORE

Enter your email to get instant access to this article and to receive our free email newsletter:

Or, Subscribe now to get full access.

Already a subscriber? Log in here .

What you’ll get with an All-Access subscription to World Politics Review:

A WPR subscription is like no other resource — it’s like having your own personal researcher and analyst for news and events around the globe. Become a member now, and you’ll get:

  • Immediate and instant access to the full searchable library of 15,000+ articles
  • Daily articles with original analysis, written by leading topic experts, delivered to you every weekday
  • Daily links to must-read news, analysis, and opinion from top sources around the globe, curated by our keen-eyed team of editors
  • Weekly in-depth reports, including features on important countries and issues.
  • Your choice of weekly region-specific newsletters, delivered to your inbox.
  • Smartphone- and tablet-friendly website.

And all of this is available to you — right now for just $1 for the first 3 months.

More World Politics Review