Letting go of the yuan


In a world that's becoming increasingly obsessed with China, few topics are more emotive than the future of the renminbi's peg to the US dollar. It seems that barely a week goes by without Western politicians rattling their sabres over China's currency regime or officials in the People's Republic firing volleys to defend the country's slowly, slowly approach to economic liberalisation.

Wading through the torrents of research into the subject can be time-consuming and confusing. That's why in

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