China is a global powerhouse and the second largest economy. They saw tremendous growth in GDP again in June. Their premier and official position is they’re confident in continued economic growth. They’re also confident they can handle and manage any financial risks to the renminbi.
Here’s an interview from a couple of years ago where Dr. Chris Brummer talks about the renminbi and China’s rise and place in the global economy.
Keep reading for more about finance and Chris Brummer’s take on minilateralism.