Chronicle Journal: Finance

Steps Taken By President Obama and President Xi to Facilitate Renminbi Trading and Clearing in the United States

By Mike Bloomberg - SEP. 25, 2015

SOURCE: Bloomberg

DESCRIPTION:

Originally posted on mikebloomberg.comĀ 

I want to congratulate President Obama and President Xi for a number of economic steps, but in particular advancing a mechanism to trade the Chinese currency in the United States. Doing this will be a very powerful move towards improving bi-lateral relations, promoting trade between our countries, improving the competitiveness of U.S. companies, and strengthening America's financial sector. There's still a lot more to do, but this is a great first step together.

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KEYWORDS: Events, Conferences & Webinars, Business & Trade, China, united nations, UN, Obama, Barack Obama, President, prime minister, Asia, Trade, Business, Global, renminbi, trading, facilitation, steps taken, xi, president xi, learning, Education, climate change, Production, money, Economy, Bloomberg

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