![Yuan Surpasses U.S. Dollar in Chinese Cross-Border Transactions](https://cdn.newsserve.net/ONPglobe256.png)
Yuan Surpasses U.S. Dollar in Chinese Cross-Border Transactions
As per an analysis by Bloomberg Intelligence [BI] using statistics from the State Administration of Foreign Exchange, the local currency’s proportion of China’s cross-border payments and receipts increased to a record high of 48% at the end of March from almost zero at 2010. Source The results…
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