SHANGHAI -- Over the past weeks, China has been managing the yuan with a firmer hand to fend off increasing downward pressure, a course that shows how far it has to go to become the international currency that Beijing envisions.
Saturday marks three years since a shock devaluation of the Chinese currency triggered a plunge in stocks, currencies and commodities. Since then, China has made some progress on its stated goal of internationalizing the yuan, also known as the renminbi.
