Desafios do Yuan chinês para torna-se padrão monetário internacional

Abstract

Throughout the 21st century so far, despite of worldwide economic crisis, the drive, strength, willpower, dynamics and duration of the Chinese growth has aroused the attention of the academy, businessmen and politicians. The development of China in the global economy has brought many serious papers discussing if its currency – called renminbi, also known as yuan – could, by all means, substitute the American dollar as money that would prevail in a planetary scale. This paper is a descriptive bibliographic review, whose explanations are based on past researches about this possible substitution. It is also based on international official statistics. The aim is to analyze if yuan has real economic conditions of global protagonism, however not skipping political determinants. This paper solidly observes that, in spite of the size of Chinese economy, the relevance of its international trade and stability of prices and currency, this country has not a deep and open financial market that would favour this substitution. Delicate political circumstances also work in defiance of it.