France leads eurozone in Chinese renminbi payments
France holds the leading position among eurozone members exchanging renminbi payments, seeing a 249% growth in payments value over the past year.
According to messaging provider Swift, France is now ranked fourth in the world, outside China, for renminbi payments value, behind the UK, Singapore and Taiwan. More than 20% of the payments made between France and China were denominated in yuan in March, compared with 6.5% a year ago.
“This development signifies France’s drive to become a leading
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