China may be growing fast and whatever you know playing a bigger role on the global scale. Nobody wants to hold the yuan though ultimately I think. So here's what they've been doing. They have been loading up on physical gold. And they are now offering credible physical gold settlements. If you trade in yuan at any point in time it's not a backing It's not like a one for one. But if you trade and you say yeah you don't want to hold this anymore you have that opportunity to then retrade that into physical gold.

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