Trade gap hinders UK corporate RMB take-up
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China

Trade gap hinders UK corporate RMB take-up

City of London

London may be ahead of its European rivals when it comes to offering renminbi services but UK companies lag their European peers in take-up of the currency. This is partly because Britain has a much smaller manufacturing base than France or Germany, but as China looks to import more services, this will benefit UK plc.

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