ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print
Opinion

China's growth does not guarantee yuan’s outsize influence in markets

Fragmented world means currency will struggle to become truly liquid

| China
The apparent gap between currency share and GDP share is not a new phenomenon.   © Chinatopix/AP

The influence of China on the global economy is becoming larger and larger, but its presence in global financial market is still very limited.

A recent survey from the Bank for International Settlements found that, in terms of foreign exchange market turnover, the yuan is the eighth most traded currency, with a share of 4.3%, ranking just after the Swiss franc. The dollar is still the dominant currency, being on one side of 88% of all trades.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more