- Scope for Renmimbi use in global trade significant
- Onshore/Offshore market segmentation carries risk
- China shadow banking system needs close monitoring
- Opening up Renmimbi trade may cause volatility
- Foreign trade to bolster EUR/CNY trading volume
- May challenge US dollar as reserve currency one day, on way to becoming a global investment currency
- China must continue economic reforms
ECB member Yves Mersch dusting down the red carpet for his new Chinese overlords.