The U.K. and China unveiled plans to further bolster China’s long-restricted currency on the world stage, amid a number of other deals that signal that the two countries have reset relations following a visit to London by the Dalai Lama last year, which upset Beijing.
The deals unveiled Tuesday—which include allowing British investors to plow up to 80 billion yuan ($13.1 billion) in China’s heavily restricted capital markets—demonstrate how China’s wealth and its desire to go abroad often trump political differences and Beijing’s resentment of criticism over its human-rights record.
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Brian Spegele, The Wall Street Journal via CHINA US Focus http://feedproxy.google.com/~r/ChinaUsFocus/~3/LGLK1l40fdg/
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