China says yuan’s global rise is ‘irreversible’ – and has a strategy to back it up
Chinese financial authorities have pledged further steps to expand the yuan’s global use amid a broader de-dollarisation trend, while vowing to make listing on mainland stock exchanges the “primary” choice for top-tier domestic companies. “The internationalisation of the yuan is a continuous and steady process, and an irreversible trend,” said Lu Lei, deputy governor of the People’s Bank of China…
We haven't written up this one. South China Morning Post has the full story — the link below goes straight to it.
