China in 2 minutes a day
Top news and analysis delivered to your inbox

The Japanese yen offers lessons for China on how difficult it can be to rival the U.S. dollar’s status as a global reserve currency

t will be difficult for the Chinese yuan to become a major reserve currency without a greater commitment to opening up financial markets, says Arthur Kroeber of research firm Gavekal Dragonomics.
1 year ago
Sky Canaves
By Sky Canaves
Sky Canaves previously reported for The Wall Street Journal in Beijing and Hong Kong, where she covered media, culture, social issues, and legal affairs, and served as the founding editor and lead writer of the WSJ’s China Real Time site. Prior to becoming a journalist, Sky worked in the China corporate law practice of Baker & McKenzie, and she has also taught journalism and media law at the University of Hong Kong. She speaks Mandarin and has accumulated more than a decade's experience living, studying and working in China.
China in 2 minutes a day
Top news and analysis delivered to your inbox