New Delhi, July 15 (IANS) There is no escape from the US dollar for China even as Beijing propagates a ‘de-dollarisation’ campaign to promote its own currency, the renminbi, to settle payments in international trade and debt repayments.“China’s export-driven economy is built on access to dollar markets, dollar denominated demand and a global payments and settlement infrastructure that is still overwhelmingly US-centric. For China, a sudden or radical break from the US dollar would not be an …
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