There Can Be Only One: China Sovereign Wealth Fund Says Renminbi Will Become Reserve Currency

There Can Be Only One: China Sovereign Wealth Fund Says Renminbi Will Become Reserve Currency

by Tyler Durden

First the CIC stirs havoc in Europe, saying it would rather invest in Africa than in Brussels finmin summit caterers, which at this stage in the business cycle are the most profitable corporation imaginable... and now this:

• CIC'S JIN SAYS RENMINBI WILL BECOME GLOBAL RESERVE CURRENCY