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Friday, July 19, 2024

WITH THE CITY OF LONDON THE BANKER OF THE RENMINBI OUTSIDE OF MAINLAND CHINA, UNDER WHAT CIRCUMSTANCES WOULD THE CITY PROFIT FROM THE MOST?

Would it be if the CPTPP becomes the dominant trade bloc in the world, with China at the centre of the CPTPP, making the Renminbi the dominant currency, and trade from nations outside the CPTPP with nations in the CPTPP having to go through The City of London?

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