The survey shows that the Chinese government’s internationalization campaign of the yuan, pushed by President Xi himself, is working. The number of overseas businesses willing to hold yuan deposits grew to a five-year high, supported by the currency’s “relatively stable purchasing power.” Confidence in The Chinese Yuan Surges: 95% of Overseas Firms Expect to Increase […]Bank of China Survey Reveals 95% of Overseas Businesses Will Sustain or Increase Yuan Use
The survey shows that the Chinese government’s internationalization campaign of the yuan, pushed by President Xi himself, is working. The number of overseas businesses willing to hold yuan deposits grew to a five-year high, supported by the currency’s “relatively stable purchasing power.” Confidence in The Chinese Yuan Surges: 95% of Overseas Firms Expect to Increase […]