China's Stable Economy Is the Key For Renminbi to Become Hedging Currency
ANBOUND
Recently, the Federal Reserve Bank of Dallas has issued a report mentioning Renminbi is not a hedging currency for investors.
ANBOUND's research team believes that the problem mentioned in this report should be the development goal of Reminbi, which is to become a hedging currency.
Some scholars pointed out that the key of stabilizing Reminbi’s exchange is to stabilize China’s economy.
Under the current international trend, China’s largest problem is its own internal development; if China’s domestic matters are in order and stable, balanced development has been achieved, China will enjoy enormous influence in the global market even if the development is slow.
If these are achieved, a solid foundation can be forged for the development of Renminbi as hedging currency.