Yuan trade settlement in Africa projected to be 10% by 2015

Trade between China and Africa reached another new high last year of $198.5 billion, a 19.8 percent increase on trade of $166.3 billion recorded in 2011, according to the Ministry of Commerce. Standard Chartered expects China-Africa bilateral trade volume to hit $325 billion by 2015, which provides a strong foundation for growth in yuan trade settlement.

Read the full article by Moran Zhang on International Business Times : China’s Yuan Internationalization: Africa Eyeing Dim Sum Bond Market

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