RMB gaining importance as Chinese economy grows: City of London policy chair

STORY: RMB gaining importance as Chinese economy grows: City of London policy chair DATELINE: April 18, 2022 LENGTH: 00:01:46 LOCATION: London CATEGORY: ECONOMY SHOTLIST: 1. various of general views 2. SOUNDBITE (English): CATHERINE MCGUINNESS, Chair of the Policy and Resources Committee at the City of London Corporation STORYLINE: Catherine McGuinness, City of London policy chair, has said it's natural that Chinese currency renminbi (RMB) is gaining importance as its economy grows. SOUNDBITE (English): CATHERINE MCGUINNESS, Chair of the Policy and Resources Committee at the City of London Corporation "We've seen real moves since RMB was first traded and cleared here in London. The inclusion of the RMB in the SDR basket back in 2016 was a big step. We've seen an increase since then. I think with China being the second largest economy in the world and predicted by many to become the largest in a few years' time, it's only natural that we're seeing a growth in importance of its currency as well. And it's al

• Product Code
• ILEA000955611

• Registered date
• 2022/4/18 00:00:00

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• Xinhua / Kyodo News Images

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• Xinhua News Agency.All Rights Reserved

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