Renminbi internationalisation as part of China’s wider reform process As China has gained in international stature, some people have asked whether it can maintain its economic dynamism. A decline in growth (from over 10% in 2010 to slightly below 8% at the end of 2013) coupled with the persistence of domestic imbalances suggests that further reforms are needed.
At present, the Central Bank tries to target this coverage in the range of 90% to 100%. 1  As prepared for delivery. 2 I was introduced to Sir William Allen in 1988 in my first tour as a summer intern at the Central Bank of The Bahamas.