China focus: BNY Mellon says RMB’s role in trade to increase

A. Richard Brown, head of BNY Mellon treasury services for Asia-Pacific, says trade banks will need to invest to benefit from potential new renminbi trade settlement.

China focus: BNY Mellon says RMB’s role in trade to increase

What is your economic outlook for China in 2011, bearing in mind talk of it being a bubble economy

Data reported this week shows that China has overtaken Japan as the world’s second largest economy, a long-anticipated event that underlines China’s growing global influence. At its current rate of growth, analysts see China replacing the US as the world's top economy in about a decade. This news, whilst not unexpected given the growth seen by...

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