Renmibi's role in China trade grows quickly - FT

SUBJECT:

PRI: NORMAL

FROM:

M

mandrews@ips.edu

DATE:

2011-04-19 15:52:47

MSG_ID:

<D9A99A88-1E4E-49F2-B61F-94637B5E2624@ips.edu>

RECIPIENTS:

TO:

C

Chris Heinz <cheinz@rosemontcapital.com>

D

Devon Archer <darcher@rosemontseneca.com>

E

Eric Schwerin <eschwerin@rosemontseneca.com>

H

Hunter Biden <hbiden@rosemontseneca.com>

CONTENT: TEXT: YES | HTML: YES

PROCESSED

Begin forwarded message:

> From: Michael Andrews <mandrews@ips.edu>
> Date: April 19, 2011 11:51:47 AM EDT
> To: gs Shaw <greg@ips.edu>, Thad Brown <thad@ips.edu>
> Subject: Renmibi's role in China trade grows quickly
>
> Renmibi's role in China trade grows quickly
> About 7 per cent of China's foreign trade in the first quarter was
> done in transactions denominated in yuan, up from 0.5 per cent a
> year earlier, illustrating the Chinese currency's rapidly growing—
> though still small—international role, the WSJ reports. China's
> banks handled a total of Rmb360.3bn ($55.2bn) in cross-border trade
> deals denominated in the Chinese currency in the first three months
> of the year, Xinhua news agency reported Monday, citing a central-
> bank official.

METADATA:

THREAD:

INDEX: Adhho11p3vNUZo7cSb6d79DlYmSSNA==

REFERENCES:

REFS:

<7004FCDE-42B7-4BEA-9CFA-B2C5ADB1AC38@ips.edu>

EMAIL DETAILS