IMF Backs Yuan: What This Means for China's Economy

The IMF will add the yuan to its basket of reserve currencies, an international stamp of approval of the strides China has made integrating into a global economic system dominated for decades by the U.S., Europe and Japan. Bloomberg's Vincent Cignarella has more on what this means for China's economy. (Source: Bloomberg)

Full Show: Bloomberg Daybreak: Americas (08/17)
44:43 - Bloomberg Daybreak: Americas hosted by David Westin and Jonathan Ferro. Guests include Pablo Goldberg, head of emerging markets fixed income research at BlackRock, Neil Dutta, head of U.S. economics at Renaissance Macro Research, and Chad Morganlander, portfolio manager at Washington Crossing Advisors. (Source: Bloomberg)
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  • Full Show: Surveillance (08/16)