Yuan outpacing euro as major trade-funding currency – Reuters    — RT Business News

Yuan outpacing euro as major trade-funding currency – Reuters    — RT Business News

Source link Low interest rates have sparked a global rush to borrow in China, the outlet has said Global companies are reaping record profits through yuan-denominated bonds and are borrowing heavily from Chinese lenders at low interest rates, at a time when the cost of using Western banks is skyrocketing, Reuters reported on Friday. According […]