With China laying the groundwork for internationalization of the yuan, the renminbi could "mount...

|By:, SA News Editor

With China laying the groundwork for internationalization of the yuan, the renminbi could "mount a challenge" to the dollar in 5-10 years, a Congressional report says. The yuan still has much catching up to do, though, as it accounts for 0.3% of international currency trading while the dollar is involved with 85%.