True face of China -- A Modern Kaleidoscope Message Board

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Strategies & Market Trends : True face of China -- A Modern Kaleidoscope

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To: RealMuLan who wrote (9171)	11/5/2010 5:59:55 PM
From: RealMuLan	Read Replies (1) of 12464

RMB based trade in Asian-Pacific region "While the US dollar will remain the dominant trade settlement currency globally, 56 percent of exporters and importers in Hong Kong, 49 percent in Malaysia and 24 percent in the Chinese mainland expect to settle some trade transactions in RMB over the next six months, according to the global HSBC Trade Confidence Index. The ongoing development of RMB as an international settlement currency was most supported by exporters and importers in Hong Kong, where 19 percent of respondents plan to use RMB as their primary currency in the next six months, said the trade survey report. Significantly, respondents in all major markets in Asia-Pacific expect to increasingly trade in RMB in the short-term, including 17 percent in Singapore, 10 percent in Indonesia, 7 percent in Vietnam, 3 percent in Australia and 1 percent in India. " whatsonxiamen.com

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