China's Yuan Ambitions

China is playing a growing role in discussions over solutions to current economic problems. Much of the talk has focused on money. Beijing has signed currency swap agreements with six central banks: Hong Kong, Indonesia, Korea, Malaysia, Belarus and most recently Argentina. China has long wanted its currency to play a more important role in the global financial system. These swap arrangements come in the context of that broader policy aim. Read the entire WSJ story here: China's Yuan Ambitions