The Big Number: 4.1%
That’s the proportion of December’s global payments in yuan that came from U.S. institutions.
Until recently, companies around the world used mainly U.S. dollars to buy goods or pay for services in China. But looser Chinese foreign-exchange controls have made it easier for companies to pay in yuan, which streamlines trade. U.S. companies, however, have been slow to embrace the yuan.
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Vipal Monga, Wall Street Journal via CHINA US Focus http://feedproxy.google.com/~r/ChinaUsFocus/~3/o_Mgj3pVv4k/
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