China focus: BNY Mellon says RMB’s role in trade to increase

A. Richard Brown, head of BNY Mellon treasury services for Asia-Pacific, says trade banks will need to invest to benefit from potential new renminbi trade settlement.
Richard Brown, BNY Mellon
Richard Brown, BNY Mellon

What is your economic outlook for China in 2011, bearing in mind talk of it being a bubble economy?

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