China is now the second largest economy in the world and has seen its trade clout growing at an average rate of 22% per annum for the last 10 years.
The use of RMB has gone from virtually zero to more than 13% of the overall exchanges in the past two years. We expect China trade to double by 2020 and the usage of RMB to continue booming until it becomes one of the 3 major currencies used globally.
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