The International Monetary Fund (IMF) will most likely accept China into its basket of reserve currencies at the end of this month.
Epoch Times business editor Valentin Schmid spoke to two of the foremost China finance experts to discuss the topic and others.
“It’s a foregone conclusion,” says Fraser Howie, author of “Red Capitalism.”
“The omens are good,” says Diana Choyleva, chief economist at Lombard Street.
In this podcast they also talk about:
- China’s slowing GDP growth
- China as a debt story
- Capital outflows
- The direction of the currency
- The stock market disaster
NB: The interview was recorded before this statement issued by the IMF.
