by Takeshi Jingu
The relative importance of the Chinese economy and currency has increased further in the wake of the global financial crisis. China's twelfth five-year plan (2011-15) seeks to accelerate the transition in the nation's economic development model, which has long been an issue of concern. Moves to establish the RMB as a global currency have also picked up over the last two years. What kinds of changes can we expect in the Chinese economy going forward, and how powerful is it really? We spoke with Zhong Wei, who serves as director of the influential Finance Study Center of Beijing Normal University and is a leading macroeconomic and monetary policy researcher.
Download The PDF