US overtakes Taiwan as offshore RMB clearing centre
US now third-largest offshore RMB clearing centre
The US has overtaken Taiwan as an offshore centre for RMB clearing, and it currently stands in third place after Singapore and the UK, according to payments processing company Swift.
In April 2014, 2.6% of total RMB payments were carried out in the US, up from 1.3% a year earlier, boosting hopes that the currency's adoption as a global payments unit is on the rise.
"The growing adoption of RMB payments in the US to the China/Hong Kong corridor is a significant milestone that further promotes the
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