{"id":7724,"date":"2013-05-28T11:59:16","date_gmt":"2013-05-28T16:59:16","guid":{"rendered":"http:\/\/panamaadvisoryinternationalgroup.com\/blog\/?p=7724"},"modified":"2013-05-28T11:59:16","modified_gmt":"2013-05-28T16:59:16","slug":"whether-you-export-or-import-get-used-to-the-yuan","status":"publish","type":"post","link":"https:\/\/panamaadvisoryinternationalgroup.com\/blog\/whether-you-export-or-import-get-used-to-the-yuan\/","title":{"rendered":"Whether you Export or Import, Get Used to the Yuan"},"content":{"rendered":"<p><a href=\"http:\/\/panamaadvisoryinternationalgroup.com\/blog\/wp-content\/uploads\/2013\/05\/rmb.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-7725\" title=\"rmb\" src=\"http:\/\/panamaadvisoryinternationalgroup.com\/blog\/wp-content\/uploads\/2013\/05\/rmb.jpg\" alt=\"\" width=\"579\" height=\"361\" srcset=\"https:\/\/panamaadvisoryinternationalgroup.com\/blog\/wp-content\/uploads\/2013\/05\/rmb.jpg 460w, https:\/\/panamaadvisoryinternationalgroup.com\/blog\/wp-content\/uploads\/2013\/05\/rmb-300x187.jpg 300w\" sizes=\"auto, (max-width: 579px) 100vw, 579px\" \/><\/a><\/p>\n<p>Yes the US Dollar will be moving aside as time goes on and while it is still the widest traded currency, the RMB or Chines Juan will replace it soon.<\/p>\n<p>In the next two years, the RMB or Chinese <span class=\"hlink\">yuan<\/span> could become one of the major <span class=\"hlink\">currencies<\/span> used in global trade.\u00a0 This was said in London by <span class=\"hlink\">Douglas Flint<\/span>, chairman of <span class=\"hlink\">HSBC<\/span> Holdings SA, adding that &#8220;the <span class=\"hlink\">renminbi (RMB<\/span>) will be a growing part of normal business in the everyday life for anyone who trades or invests in <span class=\"hlink\">China<\/span>.&#8221;<\/p>\n<p>&#8220;All international business with an eye on China should consider the potential benefits of using the RMB and the <span class=\"hlink\">investment<\/span> opportunities in RMB that have been created around the world with the  support of the burgeoning  overseas markets, particularly in  foreign  bonds markets,&#8221; he said.<\/p>\n<p>&#8220;&#8230; HSBC held for the first time a sale of bonds denominated in RMB in <span class=\"hlink\">Singapore<\/span>, a city country which rivals <span class=\"hlink\">Hong Kong<\/span> as an <span class=\"hlink\">important<\/span> center for China&#8217;s currency,&#8221; reported Prensa.com. Estimates reveal  that bank debt sales abroad in RMB could be worth $59 billion this 2013.<\/p>\n<p>According to Flint, the Chinese financial market is creating investment  opportunities, the reform process has started to accelerate and the rise  of the RMB will continue.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Yes the US Dollar will be moving aside as time goes on and while it is still the<\/p>\n","protected":false},"author":5,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-7724","post","type-post","status-publish","format-standard","hentry","category-news-articles-panama-perpsective"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.7 (Yoast SEO v27.7) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Whether you Export or Import, Get Used to the Yuan - Blog and 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