Banker: Founding of 1st RMB clearing bank in U.S. set to promote growth of RMB activity

It’s no secret that China is seeking to make its currency, known as the RMB or yuan, a global currency. The Chinese central bank has recently announced the founding of the first RMB clearing bank in the United States. What does it mean for China’s bid? And what impact will this bring to the world’s top two economies? Xu Chen, President of Bank of China U.S.A., has shared with us his views. Find out.

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