BEIJING: China is trying to persuade the 10-country Association of Southeast Asian Nations as the first trade bloc to use Yuan in preference to the US dollar in China-ASEAN trade.
If successful, the move will help Beijing pressure the International Monetary Fund to recognize the Yuan as one of the basket of currencies supporting its special drawing rights.
Read the full article at The Times of India
Currently rated 1.0 by 1 people
- Currently 1/5 Stars.
- 1
- 2
- 3
- 4
- 5