The yuan is not a threat to the US dollar because China is not a predictable or reliable market, former Treasury Secretary Larry Summers says

• China's yuan isn't a threat to the US dollar, according to former Treasury Secretary Larry Summers.
• In an interview with Bloomberg TV, Summers called China's markets unpredictable and unreliable.
• "Is that really going to be a place where people are going to decide they want to hold reserves on a massive scale?"

The yuan isn't a threat to the US dollar, largely because China isn't a predictable and reliable market, according to former Treasury Secretary Larry Summers.