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

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.