Bank of China has opened trading in the Chinese currency on the international financial markets. Is this good or bad for China?

Bank of China ( due Saturday, Sep 29)

Bank of China has opened trading in the Chinese currency on the international financial markets. Is this good or bad for China? Is this good or bad for the U.S.? What will be the effect on the U.S. dollar and European Euro as reserve currencies?

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Reference no: EM132069492

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