Gauging China's Odds Of SDR Inclusion

China didn’t make it into the MSCI Emerging Market Index this year after all, though its chances for 2016 look good. Until then, focus has shifted to the IMF’s review of its Special Drawing Rights (SDR) basket of currencies this summer and whether the Chinese renminbi (RMB) will be added to the mix. Unlike the MSCI EM, if the IMF votes no China would have to wait until 2020 for another shot, but a series of reports on the internationalization of the RMB are optimistic. “We see a strong case for official reserve diversification into Asian currencies – and an…