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What the Renminbi means for the UK


The Chancellor George Osborne is in the far east and has been talking about a plan to make London a major international centre for trading China's currency the Renminbi.

Until now there have only been transactions in China and Hong Kong so what could it mean for the UK?

Linda Yueh, Bloomberg's economics correspondent and economics fellow at Oxford University, explains the potential effect of close ties between the UK and China's currency.

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