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Opinion

China's yuan nowhere near cracking US dollar hegemony

Domestic assets now draw attention, but foreign investors can be flighty

| China
The yuan still has a long way to go.   © Imaginechina/AP

Alicia Garcia-Herrero is Asia-Pacific chief economist at Natixis and a senior research fellow at Bruegel, a Brussels-based think tank.

The yuan is higher than it has been in more than two years, and foreigners are suddenly showing interest again in holding the Chinese currency.

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