Will China's New Leadership Step up Plans to Liberalise the Renminbi? #FXdebates

Will China's New Leadership Step up Plans to Liberalise the Renminbi? #FXdebates PR Newswire LONDON, November 15, 2012 LONDON, November 15, 2012 /PRNewswire/ -- Weaker growth and a lack of financial reforms are the key challenges facing the new Chinese government in liberalising its currency Latest e-book launched by Saxo Capital Markets argues that internationalisation of the Renminbi is likely to be a cautious and long term process As China's new leaders take their seat at the Politburo Standing Committee on Thursday, we will have a first glimpse into how China's policy will shape the global economy over the next ten years. The impact on the liberalisation of the Renminbi will ultimately depend on their ability to drive growth and carry out reforms, says Saxo Capital Markets. http://photos.prnewswire.com/prnh/20121115/574147 Nick Beecroft, Senior Analyst at Saxo, comments: "The key question in the Chinese power transition is how free will China's new leaders be to drive growth and reform. Both the government and the People's Bank of China have stated that the internationalisation of the Renminbi and foreign exchange reforms are necessary to move to a market economy and better reflect China's weight in the world's global economy, but resistance from the conservatives and hardliners ruling the party could make reform difficult.