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B&R provides opportunity for acceleration of RMB internationalization

August 17, 2017

Abstract : There will be great potential for RMB to be used as settlement currency in trade between China and other Belt and Road (B&R) countries. Efforts should be made to improve RMB’s role in international trade, according to Guan Tao, a senior fellow

BEIJING-- Therewill be great potential for RMB to be used as settlement currency in tradebetweenChinaand other Belt and Road (B&R) countries. Efforts should be made to improveRMB’s role in international trade, according to Guan Tao, a senior fellow atthe China Finance 40 Forum (CF40).

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