Chinese currency RMB to become more important: professor in Madrid

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Chinese currency RMB to become more important: professor in Madrid

STORY: Chinese currency RMB to become more important: professor in Madrid DATELINE: April 8, 2022 LENGTH: 00:01:18 LOCATION: Madrid CATEGORY: ECONOMY SHOTLIST: 1. various of Renminbi 2. SOUNDBITE 1 (English): OMAR RACHEDI, Professor, Dept of Economics, Finance and Accountancy at ESADE 3. SOUNDBITE 2 (English): OMAR RACHEDI, Professor, Dept of Economics, Finance and Accountancy at ESADE STORYLINE: A professor at the ESADE business school in Madrid believe that Chinese currency renminbi (RMB) will continue to become more important on the world stage. SOUNDBITE 1 (English): OMAR RACHEDI, Professor, Dept of Economics, Finance and Accountancy at ESADE "Basically, the main sources that are behind this rapid growth are, first of all, the rapid increase in the share of Chinese GDP in world GDP, the stronger trade ties of China with international partners." According to the latest data from the International Monetary Fund, in the fourth quarter of 2021, the RMB accounted for 2.79 percent of the composition of w

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