« Where is the will, there is the way » said, a long time ago, Lao-Tseu. The reading of the project of the 13th Plan, being discussed this week-end in Beijing at the People Assembly, shows that this principle is still present. Guidelines related to China monetary policy which are included in the document, give a light which it is necessary to decode in order to understand the path the country will follow and its consequences on international economic and financial exchanges.
The Yuan internationalization strategy, initiated in 2009, will go further. Its convertibility is definitely a clear objective as its use ...