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The renminbi's growth potential as Chinese firms expand overseas
The Business Times reports that Standard Chartered sees “huge” room for the renminbi to grow, but the lender’s executives say it is unlikely to challenge the US dollar’s dominant position soon.
TLDR
The Business Times reports that Standard Chartered sees “huge” room for the renminbi to grow as more Chinese firms expand overseas. The lender’s executives say the currency is unlikely to challenge the US dollar’s dominant position soon.
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