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Greater yuan usage urged in China-Middle East transactions

Thu, 2013-01-24 11:37 — newsdesk

The central banks of China and the UAE are strengthening bilateral financial cooperation in order to further increase trade and investment activities between China and the Middle East. Greater yuan currency usage in bilateral transactions will provide opportunities for public and private asset managers in Middle East to diversify and enhance their portfolio investments.

Source: 

http://usa.chinadaily.com.cn/epaper/2013-01/23/content_16164678.htm