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BRUSSELS - Beijing should keep a "gradual pace" in expanding the scope and speed of internationalizing China's currency, the renminbi, suggested a Canada-based international think tank.
The Centre for International Governance Innovation said government officials should consider the risks inherent in that process and take full advantage of Hong Kong's position as a world financial hub in reaching their goals for the renminbi. The center also called on policymakers to carefully take into account how the United States, the United Kingdom, Japan, the European Union and other powers respond to plans to make the renminbi international.
The think tank offered …
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