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‘The Law Works Itself Pure’: The Fragmented Disciplines Of Global Trade And Monetary Cooperation, And The Chinese Currency Problem, Chin Leng Lim

Chin Leng Lim

This chapter considers the long-standing controversy over the Chinese yuan – the primary unit of account of the renminbi, or RMB, the official currency of the People’s Republic of China. The currency valuation interventions of the People’s Bank of China (PBC) have been the subject of international disagreement, not least between the USA and China. Criticism of China in the USA became especially heated during the 2009 to 2012 period, occurring in the aftermath of the global financial and economic crisis and coinciding with the period of the great recession. Other countries, such as Brazil, also drew critical attention to …