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> all that's changed is that it's now clear that the IMF isn't blocking the yuan from becoming a true global reserve currency: China is. > Goldman Sachs has es
by vincent_s 11y ago
> all that's changed is that it's now clear that the IMF isn't blocking the yuan from becoming a true global reserve currency: China is.
> Goldman Sachs has estimated that $1 trillion in international reserves would flow into Chinese debt markets if the government truly opened them up.
- vincent_s 11y agoBackground: http://www.reuters.com/article/2015/10/25/imf-china-sdr-idUSL1N12P0JE20151025#yr7T6z4kHim4CtCJ.97 http://www.reuters.com/article/2015/10/25/imf-china-sdr-idUS...