In These New Times

A new paradigm for a post-imperial world

Posts Tagged ‘globalisation of renminbi’

World yuan-ization thanks to the City of London

Posted by seumasach on November 5, 2015

Voltairenet

5th November, 2015

The Government of China promotes the internationalization of «the people’s currency» (‘renminbi’) through a policy of alliances that does not take ideological barriers into account. In a first moment the diplomatic forces of the yuan were concentrated in Pacific-Asia, but in a second moment, it became necessary to gain the support of the West. After the President Xi Jinping visited London, between the 19th and the 23rd of October, the bases of the «golden age» between China and the United Kingdom were established, with which both countries looked to push the yuan-ization of the world economy.

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