Mobius Sees Soft Landing For China, Increasing Role For Renminbi

Emerging markets guru Mark Mobius says he sees a soft landing for China, and thinks it is “very possible” that the country’s renminbi will become one of the world’s reserve currencies by 2020. “The high-growth economies of China and other emerging Asian and Latin American countries lost some momentum as 2011 wore on, but to me they now appear poised for softer landings than their developed-market counterparts,” Mobius, of Templeton Asset Management, tells Citywire. “During… Read More