China’s Renminbi Is Approved by IMF as a Main World Currency New York Times – ‎5 hours ago‎

China’s Renminbi Is Approved by IMF as a Main World Currency

New York Times  – ‎5 hours ago‎
To meet the I.M.F. requirement, China was forced to give up some of its tight control over the currency, which could inject fresh volatility into the economy. The I.M.F. … Although the dollar still dominates in trade, the renminbi is gaining ground

The Choice Facing China as Its Currency Becomes More Global

New York Times  – ‎4 hours ago‎
There is surely some clinking of Champagne glasses, or perhaps a Chinese celebratory equivalent, taking place in the hallways of China’s finance ministry and central bank. Those officials will now be the proud guardians of a “global reserve currency

Consumer to overtake Fed, China woes for 2016

CNBC  – ‎6 hours ago‎
Also on the agenda Monday were International Monetary Fund comments on the Chinese currency, as China’s economy and stock market staged an uneven transition away from manufacturing this year.

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