| ...should yuan float...|
TJ, in your mind does the yuan still need to be pegged to the dollar? If so, over what time frame does it stay pegged. I can't see how it can become a world currency while still pegged to the dollar? It seems that China can't have it both ways.
From the earlier article:
But it won’t be quick. China has set a 2020 goal to develop Shanghai as a global financial centre commensurate with the status of the yuan, and China’s role in the world markets. So 2020 is seen as a tentative deadline for yuan internationalisation.