It could prove very lucrative for Europe to learn how China pays

Trade in the 19th Century was primarily conducted in sterling, but by the 20th Century trade flows were dominated by the US dollar. For the 21st Century the renminbi – also known as the redback – could well assume pole position as the global currency of trade.

Read Full at http://www.independent.ie/business/world/it-could-prove-very-lucrative-for-europe-to-learn-how-china-pays-31454115.html

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