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As China-Saudi ties develop, so will cross-border yuan use, ratings agency says

Yuan internationalisation may get a boost from Saudi Arabia, S&P Global Ratings says, as greater cooperation with China is likely to lead to more frequent use of the renminbi in cross-border transactions.

By: scmp.com

Aug 21 2024
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As China-Saudi ties develop, so will cross-border yuan use, ratings agency says

Yuan internationalisation may get a boost from Saudi Arabia, S&P Global Ratings says, as greater cooperation with China is likely to lead to more frequent use of the renminbi in cross-border transactions.

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Hong Kong customs seizes HK$50 million of smuggled Malaysia-bound computer goods