China's push for RMB internationalization
Sinica Podcast
00:00
What Can China Do to Increase Demand for the UN in International Markets?
China is trying to increase demand for the UN in international markets. The focus here has been very much with trade getting foreign foreigners to accept payments from Chinese firms in remen B. They've effectively imposed rules that to invest in China's financial assets you've got to use remen B source from overseas. And they're doing it in two main ways by imposing rules so at the moment if you are a foreigner and you want to invest in Chinese capital markets pretty much you have to do it using remen B, he says.
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