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Britain Gains Renminbi Trading Deal
The Bank of England and the People’s Bank of China reached an agreement on Wednesday to allow the clearing and settlement of renminbi trades in London
China has just entered into a very large currency swap agreement with the eurozone that is considered a huge step toward establishing the yuan as a major world currency.
China’s gold demand tops 1,000 tonnes for first time
Sources:
http://dealbook.nytimes.com/2014/03/26/britain-reaches-deal-to-clear-trades-in-chinese-currency/
http://theeconomiccollapseblog.com/archives/9-signs-that-china-is-making-a-move-against-the-u-s-dollar
http://finance.yahoo.com/news/chinas-gold-demand-surges-tops-061152207.html