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China may be courting Japan to cooperate with belt and road to allay controversy after yuan clearing deal

China’s decision last month to allow a Japanese bank to clear transactions valued in yuan raises the prospects of increased economic cooperation between the two countries, especially as China seeks to involve new countries in the Belt and Road Initiative in an attempt to fend off criticisms of its projects, analysts said.The People’s Bank of China last month named MUFG Bank as the first yuan clearing bank in Japan, and only the second non-Chinese bank after JPMorgan last year, to be allowed to…... If you wish to read this full breaking news headline, plus more articles from around Thailand and Asia like, China may be courting Japan to cooperate with belt and road to allay controversy after yuan clearing deal, simply click on 'Read full story' below, but 1st please give us a 'LIKE' or 'SHARE' before you leave. Thank you China may be courting Japan to cooperate with belt and road to allay controversy after yuan clearing deal

 

 

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Published By: SOUTH CHINA MORNING POST - Wednesday, 17 July

 

 

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