May 20, 2024 04:43 (IST)
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China’s push for internationalisation of its currency Renminbi meets limited success

China’s meteoric economic rise since the launch of the Reform Era by Deng Xiaoping in the late 1970s has been increasingly accompanied by a desire to promote the international usage of the Chinese national currency, the Renminbi (RMB).

Chinese growth story is facing a serious headwind

Beijing: China’s exports fell by 0.3% in October 2022 from a year ago in dollar terms, missing analysts’ expectations for a decent increase.