China has now beefed up its efforts in the process of internationalizing the yuan.
It’s just a month or so before the International Monetary Fund board makes a decision. The IMF will decide if it wants the Chinese currency in a Special Drawing Rights basket, which already includes the U.S. dollar, the yen, the euro and the pound.
For more on the Chinese currency, CCTV America spoke to Einar Tangen from Beijing. He is a Current Affairs Commentator and also the president of I-MCF.