According to this information, albeit low at levels slightly over 1 percent as of the end of 2016, the renminbi’s share in the world’s total allocated international reserves is not far from other, more established reserve currencies such as the Australian and Canadian dollars (1.9 and 2 percent, respectively), and far above that of the Swiss franc (0.2 percent).5  As noted above, these developments respond to a significant extent to China’s increased importance in the global economy.
“Our revels now are ended,” he declares, “These our actors were all spirits… We are such stuff as dreams are made on and our little life Is ended with a sleep.” The Tempest past, his exile from the affairs of state is over. Now reality resumes. And so it is for us.