21st Century China Program Hosts Major International Conference
Future Direction of Chinese Currency Debated at Sold-out UC San Diego Conference
06/12/2012
Christine Clark,
This Week @ UCSD
Jobs, economic growth, currency markets and other pressing economic issues were at the center of UC San Diego’s Internationalization of Renminbi Conference held June 7 to 8. The event was the first major international conference devoted to comprehensive discussions on internationalizing China’s currency.
China’s economy is growing rapidly, but Chinese currency has yet to join the ranks of the U.S. dollar, euro, yen and sterling pound to become a global reserve currency.
“Today’s topic comes at a dramatic moment in China’s history,” said Peter Cowhey, dean of UC San Diego’s School of International Relations and Pacific Studies during the conference’s welcome reception. “It’s a dynamic time in finance and currency markets. We’re looking at questions such as ‘should the average citizen be concerned about trade currency’ and ‘how do we get our financial markets to work more efficiently?’”
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