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The digital Yuan will only lend a minor boost to internationalization of the currency — Maximilian Kärnfelt

Summary:
In the second of a two-part series, Maximilian Kärnfelt argues that China’s digital currency will further its goal of internationalizing the yuan. But there won’t be a snowball effect. Read part I of our series here.Steering a course of gradual opening up to improve stability while progressing steadily. China has long used the "helmsman" analogy of governance. Mao was called the "Great Helmsman," and Deng "the little helmsman." MericsThe digital Yuan will only lend a minor boost to internationalization of the currencyMaximilian Kärnfelt

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In the second of a two-part series, Maximilian Kärnfelt argues that China’s digital currency will further its goal of internationalizing the yuan. But there won’t be a snowball effect. Read part I of our series here.

Steering a course of gradual opening up to improve stability while progressing steadily. 


China has long used the "helmsman" analogy of governance. Mao was called the "Great Helmsman," and Deng "the little helmsman." 

Merics
The digital Yuan will only lend a minor boost to internationalization of the currency
Maximilian Kärnfelt

Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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