A clerk counts Chinese yuan and U.S. dollar banknotes at a branch of Bank of China in Taiyuan, Shanxi province, China, January 4, 2016. REUTERS/Jon Woo
BASILDON, England: British businessman Tony Brown is ready to pay in Chinese yuan for the cuddly toys and other funfair stall prizes he buys from a handful of Chinese factories. But they just don't want it.
He thought using the local currency for the purchases, worth several million pounds every month, would be a selling point with his Asian partners, a sign of good faith and presumably easier to do.
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