The coronavirus pandemic and US-China trade tensions are pushing China towards increased regional coordination in trade that may become a catalyst for yuan internationalisation, according to professor Ba Shusong, Chief China Economist of Hong Kong Exchanges and Clearing.“Compared to previous years, we see something has changed,” Ba said on Tuesday at an online press conference organised by Hong Kong’s Financial Services Development Council (FSDC).“While US-China trade has declined, this year is…
from South China Morning Post https://www.scmp.com/economy/china-economy/article/3084127/coronavirus-growing-china-southeast-asia-trade-ties-could
Wednesday, May 13, 2020
Coronavirus, growing China-Southeast Asia trade ties could drive offshore use of yuan: HKEX economist
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