Friday, September 23, 2016

Rise of China's Renminbi in Africa

The Centre for Chinese Studies (CCS) at Stellenbosch University published on 19 September 2016 a commentary titled "The Internationalisation of Renminbi in an African Context" by Yi Ren Thng, visiting scholar at CCS.

The RMB has become increasingly important in African trade settlements with China, but the author suggests there are challenges for the RMB to move beyond trade settlement.

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