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International Law

: China Briefing Blog

Shanghai to Begin RMB Settlement Trials

By China Briefing

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SHANGHAI, Jan. 24 - The local government said it is likely to participate in the second batch of yuan-settlement trials to deal with export slowdown and the instability of the U.S. dollar. Last December, the State Council announced it would use the Chinese currency yuan to settle trade payments in Guangdong province, the Yangtze [...]

Full post as published by China Briefing Blog on January 23, 2009 (boomark / email).

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