The People’s Money

In The People’s Money, economist Paola Subacchi examines China's strategic ambition to establish the renminbi (RMB) as a leading global currency, rivaling the US dollar and the euro. This book offers an insightful analysis of China’s economic ascent, its efforts to transform the international financial order, and the potential geopolitical consequences of increased Chinese currency dominance.Subacchi details the challenges China faces in internationalizing its currency, from domestic policy issues to the gradual liberalization of its financial markets. She also covers the implications for global trade and the shifting balance of power between the East and the West.Why You Should Read? Understand China’s strategy to internationalize the RMB and its impact on global finance. Explore the geopolitical and economic ramifications of China's growing financial influence. Gain expert insights from an economist on complex topics including monetary policy, trade, and international relations. Ideal for those interested in economics, global markets, and China's evolving role in the world economy.