Blog
Unit 4 Macro: Financing Trade - Renminbi Rising
26th September 2012
The Chinese renminbi is not yet as recognisable as the US dollar or the Euro but with China's continued growth and rising influence as a major global economic power, their domestic currency is becoming more widely used when settling accounts in trade in goodsand services. In this new Financial Times video Denise Law explores the benefits of using renminbi in trade even though the renminbi is not yet fully-convertible in world foreign exchange markets.
Geoff Riley
Geoff Riley FRSA has been teaching Economics for over thirty years. He has over twenty years experience as Head of Economics at leading schools. He writes extensively and is a contributor and presenter on CPD conferences in the UK and overseas.