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China Increases Global Use Of Yuan Via Loans and Panda Bonds

By Rhod Mackenzie

Beijing has successfully managed to increase the use of the yuan on the global stage. It is currently offering its debtors the opportunity to convert their dollar loans into yuan. This strategy is already a success as Kenya has already consented to this proposal and stands to sav...

BRICS China Trade Yuan Bonds Shanghai Cooperation Organisation Dollars Trades Lending