China Flexes Its Financial Muscle

Image: Peter Griffin, Chinese Currency,

China has signed memoranda of cooperation with Laos, Kazakhstan, and Pakistan to establish RMB clearing arrangements for handling cross-border transactions between China and these countries. Are other countries likely to follow suit and establish RMB clearing arrangements to strengthen their economic relations with China?
中国与老挝、哈萨克斯坦、巴基斯坦等国签署合作备忘录,为处理中国与这些国家的跨境交易建立人民币清算安排。其他国家是否会仿效建立人民币清算安排,以加强与中国的经济关系?Read more