More representative and robust SDR benefits all

A better internationalized Chinese currency and a more representative Special Drawing Rights will definitely help deliver better economic and financial performance within and beyond China in the long run.

The International Monetary Fund's decision on Monday to include the renminbi in its SDR reserve currency basket from October next year ushers in a new era for the Chinese currency and the SDR.

The renminbi joining the US dollar, the euro, the pound and the yen in the SDR basket is significant as it will have real and far-reaching effects.