Credible alternative: An employee arranging bundles of one-hundred yuan bank notes at KEB Hana Bank in Seoul. Yuan has been identified in one area where it can be an alternative to the US dollar. — Bloomberg
HONG KONG: The yuan is at its highest in more than a year, but China’s efforts to internationalise it remain in their infancy.
AXA Framlington Asia’s Mark Tinker, however, has identified one area where it’ll provide an alternative to the dollar.
