China's switch from global creditor to debtor to raise huge questions

​​​​​​​Beijing must stop interfering in financial markets to profit from future foreign inflows

20190228 Yuan banknote.jpg

The yuan is less widely used today for trade settlement than a few years ago. © Corbis/Getty Images

HENNY SENDER, Nikkei Asian Review columnist

Since it entered the World Trade Organization almost 20 years ago, China has been the fastest-growing economy on the planet, in large part thanks to its exporting prowess and its vital role in global supply chains.

Apple employs a million people in China; driving across the Baosteel metallurgical plant takes a half an hour. No other country can replicate China's scale or its manufacturing ecosystem.

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