YCW Beijing is pleased to welcome Paola Subacchi, Director of International Economics Research at Chatham House. Paola will speak about her recent book: The People’s Money: How China Is Building a Global Currency.
In The People’s Money, Paola introduces readers to China’s monetary system, mapping its evolution over the past century and, particularly, its transformation since Deng Xiaoping took power in 1978. She revisits the policies that fostered the country’s economic rise while at the same time purposefully creating a currency of little use beyond China’s borders. She shows the key to understanding China’s economic predicament lies in past and future strategies for the renminbi. The financial turbulence following the global crisis of 2008, coupled with China’s ambitions as a global creditor and chief economic power, has forced the nation to reckon with the limited international circulation of the renminbi. Increasing the currency’s reach will play a major role in securing China’s future.
We invite Paola Subacchi, Director of International Economics Research at Chatham House to discuss.
Paola Subacchi is the Director of International Economics Research at Chatham House in London. She is an expert on the functioning and governance of the international financial and monetary systems. She advises governments and non-profit organisations and is a contributor to academic journals and current affairs publications. She is also a regular media commentator. She was born in Italy and studied at Università Bocconi in Milan and at the University of Oxford.