2013-11-05
How Will China's RMB Shape Global Financial Markets In 2020
The author is Standard Chartered global research department We look ahead to 2020 and explain the Chinese RMB’s likely odyssey across the trade, foreign exchange and the rates space. We expect 28% of China’s international trade to be denominated in RMB by 2020, some $3 trillion a year. China’s vast imports of commodities will gradually […]
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