China-Saudi Ties Boost Yuan Use
This is a China news story, published by South China Morning Post, that relates primarily to S&P news.
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Saudi useSouth China Morning Post
•Deeper China-Saudi ties mean more yuan-based transactions, ratings agency says
78% Informative
As China -Saudi ties develop, so will cross-border yuan use, ratings agency says.
With more trade and projects planned between China and Saudi Arabia , use of the yuan is likely to go up in turn.
The yuan’s share of world trade tripled over the past two decades , S&P said.
VR Score
88
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93
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