CNBC’s The China Connection newsletter: How a gold-buying spree helps the yuan go global
Summary
China is expanding its gold reserves while simultaneously advancing plans to establish a dedicated gold trading hub in Hong Kong. This ongoing accumulation of the precious metal aligns with broader efforts to increase the international use of the yuan.
Plans to develop a gold trading hub in Hong Kong coincide with China's growing gold reserves.
Source: Read the full story at US Top News and Analysis
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