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Subscriber OnlyOpinionShuli RenBeijing's Yuan Ambitions Look DashedLiquidity is one reason China's currency hasn't gone further on the world stage.Photographer: fmcginn/Getty ImagesByShuli Ren+FollowJanuary 7, 2018, 10:00 PM UTCAs 2018 gets underway, China seems to be on top again. The yuan has strengthened 6.8 percent against the dollar over the past 12 months and foreign-exchange reserves are growing.Not so fast.
