Xi Jinping calls for China’s renminbi to attain global reserve currency status
Latest commentary details ambitions for ‘powerful currency’ to play a greater role in trade and forex
Latest commentary details ambitions for ‘powerful currency’ to play a greater role in trade and forex

Pan Gongsheng points to a growing role for the renminbi after decades of dominance by the US currency

Appreciation would suit Beijing’s global ambitions for the currency

Beijing’s push will speed moves to multi-polar monetary system, analysts say

Critics say currency is undervalued and being used to subsidise Chinese exports

If renminbi settlement becomes cheaper and more trade migrates, firms will have less need to generate or hold US currency

Central bank fixes currency at highest level against dollar in 15 months