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Photo Gallery: Transforming the Yuan into an International Currency

Foto: SAUL LOEB/ AFP

Exchange Rates and Reserve Currencies China Plans Path to Economic Hegemony

China would like to make the yuan one of the world's anchor currencies, forcing other countries to maintain reserves of Chinese money and providing significant advantages for Beijing. Yet the country cannot continue to keep the value of its currency artificially low if it hopes to become the world's dominant economic power.
Translated from the German by Christopher Sultan