from International Institutions and Global Governance Program and Greenberg Center for Geoeconomic Studies

Historical Precedents for Internationalization of the RMB

October 31, 2011

Report

Overview

The twentieth century saw the rise of the U.S. dollar, the German mark, and the Japanese yen as international currencies. Now the Chinese renminbi is on a similar course toward reserve currency status, but its path is deviating from those of its predecessors in both aim and intent. In this Center for Geoeconomic Studies Working Paper, produced in association with CFR’s International Institutions and Global Governance program, Professor Jeffrey Frankel explains how the renminbi’s ascent is without historical precedent and why China might be pursuing such an unorthodox strategy.

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Trade

What Are Tariffs?

U.S. Presidents Trump and Biden have both turned to tariffs to support local industries amid economic confrontation with China. Here’s how these taxes work and how they’ve been used historically.

Backgrounder by Andrew Chatzky, Anshu Siripurapu and Noah Berman June 21, 2024 Renewing America

China

Religion in China

A significant proportion of China’s population claims to follow a religion. However, the government continues to toughen oversight, increase persecution of some religions, and attempt to co-opt state-sanctioned religious organizations.

Backgrounder by CFR.org Editors May 15, 2024

Trade

The Contentious U.S.-China Trade Relationship

Trade between the world’s two biggest economies has ballooned in recent decades, bringing significant benefits but also perils that have led to calls to rethink the relationship.

Backgrounder by Anshu Siripurapu and Noah Berman May 14, 2024

Overview

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