Friday, December 31, 2010
“Dubai Shock”/Internationalization of Renminbi-VIII
When the “Dubai Shock” attacked the financial market globally, the Chinese Finance Minister announced that it will issue 50-year Renminbi bond. China will be the third nation after the UK and France to sell the 50-year bonds. The total Renminbi bonds will be 20,000,000,000 yuan, and its interest rate will be approximately 4.4 percent. Will this be another step to internationalize Renminbi?
After growing up and studying in China and Japan, Dr. Suganuma went to the U.S. for graduate studies, earning master’s degrees at both St. John's University (in Chinese studies) and Syracuse University (in international relations) as well as a Ph.D. (in geography) from the Maxwell School of Syracuse University.