Why the renminbi can’t rival the dollar’s reserve status | FT


America enjoys an exorbitant privilege from the fact that the dollar is the world’s reserve currency. China would like its currency to have the same status. Asia markets correspondent Hudson Lockett explains what China needs to do to make it happen. See if you get the FT for free as a student (http://ft.com/schoolsarefree) or start a £1 trial: https://subs.ft.com/spa3_trial?segmentId=3d4ba81b-96bb-cef0-9ece-29efd6ef2132

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