is forging ahead in laying the groundwork to internationalise the yuan
via bilateral arrangements with foreign companies, nations &
The yuan is inevitably becoming a reserve currency alongside the now discredited US dollar and the euro." Lin-See Yan
“World economy has entered a very difficult phase characterised by
significant downside risks and fragility and as a result, forecasts have
been significantly downgraded. However, even achieving these much
weaker out turns is very uncertain Overall, global economic conditions
“The global recovery is threatened by
intensifying strains in the euro area and fragilities elsewhere. China,
India, South Africa and Brazil have entered a slowing phase."
Europe heading towards recession and sluggish rich demand.