The increasing usage of the yuan in.....>

CHINA PRESS: The increasing usage of the yuan in global markets helps ease the

pressure on China's shrinking foreign exchange reserves, the 21st Century

Business Herald said on Thursday citing an anonymous source in a foreign bank.

- More companies settling cross-border trade and investment in yuan led to lower

demand for the U.S. dollar, reducing the pressure on banks Fx sales, the

newspaper cited the source as saying;

- The yuan is more accepted in Southeast Asia, but less often in the Middle East

and Africa, the newspaper said citing sources in major state-owned banks;

- The usage of the yuan in importing commodities is still small, which consumes

China's Fx reserves, the newspaper said.

(Link to story: https://bit.ly/2JNycvl)