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Renminbi use surges in home of US dollar
The value of renminbi payments between the US and the rest of the world rose by 327 per cent in April this year
China Allows Companies to Settle Trade in RMB
People’s Bank of China (PBOC) allows the yuan to appreciate or depreciate daily by 1% in either direction of a marker it sets
China’s yuan surpasses euro as 2nd most-used currency in trade finance
Sources:
http://blogs.ft.com/beyond-brics/2014/06/04/renminbi-fast-displacing-greenback-in-us-home-market/
http://www.china-briefing.com/news/2012/03/20/china-allows-companies-to-settle-trade-in-rmb.html
http://www.chinaeconomicreview.com/China-yuan-appreciation-US-dollar-PBOC
http://www.reuters.com/article/2013/12/03/us-markets-offshore-yuan-idUSBRE9B204020131203