Can China’s roaring trade engine power the yuan’s challenge to the US dollar?

Source: China – South China Morning PostIn the run-up to this year’s ‘two sessions’ – the annual meetings of China’s top legislature and political advisory body – high-level policymakers have reiterated the need to defuse financial risks and root out political corruption, two of President Xi Jinping’s long-term priorities. In this series, we take stock of how those efforts have progressed, and what remains to be done.
The iron ore trade between Australian miners and Chinese buyers has long followed a familiar, bruising pattern. Tense…Read More

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