ThinkChina Policy Brief: China’s turbulent weeks (No 1 – 26 August 2015) – University of Copenhagen

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10 September 2015

ThinkChina Policy Brief: China’s turbulent weeks (No 1 – 26 August 2015)

Clemens Stubbe Østergaard, Senior Research Fellow at Nordic Institute of Asian Studies, analyses the circumstances surrounding the 11-August-decision on the exchange rate of the Chinese Renminbi.

Main conclusions

  • Surface phenomena must not block the perception of healthy fundamentals in China's economy during its difficult transition;
  • The change in currency regime aims at inclusion in IMF's basket of top-five SDR currencies;
  • Denmark and the EU should applaud China's work to internationalise its currency.

Download: China’s turbulent weeks: How should the 11-August-decision on the Renminbi  be interpreted?