Yuan-settlement test to start

07/01/2009 § Leave a comment

 

CHINA’S central bank said yesterday that it plans to implement a pilot program that would settle overseas trade with the Chinese currency instead of the US dollar. Chinese exporters might face losses if they continue to be paid in US dollars, analysts said.

GET OUT WHILE YOU STILL CAN!!

Yuan-settlement test to start — Shanghai Daily | wå¥ — English Window to China New

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