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China tweaks global yuan strategy in signal of growing caution

Summary:
[unable to retrieve full-text content]China has tweaked one word in its policy to internationalise the yuan, a change that analysts see as a sign of Beijing’s new-found caution in promoting the international use of the currency.In a communique outlining the country’s next five-year plan for 2021-25, China’s Central Committee said it would “steadily and prudently” promote the internationalisation of the yuan, a change from the previous wording that only included “steadily”.The slight adjustment, from Wenbu to Wenshen in Chinese,…

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[unable to retrieve full-text content]
China has tweaked one word in its policy to internationalise the yuan, a change that analysts see as a sign of Beijing’s new-found caution in promoting the international use of the currency.In a communique outlining the country’s next five-year plan for 2021-25, China’s Central Committee said it would “steadily and prudently” promote the internationalisation of the yuan, a change from the previous wording that only included “steadily”.The slight adjustment, from Wenbu to Wenshen in Chinese,…

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