Cross-Border Yuan Flows on China’s Network Head for Record Year
China’s cross-border yuan payment system is heading for its busiest year since its launch in 2015, as robust trade and greater use of the currency for settlements accelerate growth in...
By Iris Ouyang · Bloomberg Markets
China’s cross-border yuan payment system is heading for its busiest year since its launch in 2015, as robust trade and greater use of the currency for settlements accelerate growth in a key piece of Beijing’s financial infrastructure.