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The new yuan clearing hub underscores rising use of the yuan for trade, as well as Beijing's push to internationalize its currency.
WSJ: U.K. Banks Sell $245 Million Dim Sum Bonds in Singapore
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Foreign aviation circles have been pushing to re-internationalize Haneda, with some success.
CNN: HARD LANDING
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In the meantime an African strategy to internationalize the yuan is more pragmatic and achievable and can be of benefit to both sides.
FORBES: China's Yuan Internationalization: Made In Africa, Not Hong Kong
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The proposed international board was first announced in 2009 as part of initiatives to internationalize the renminbi and make Shanghai a global financial center.
FORBES: Foreign Companies to List Shares in Shanghai
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China has stated its desire to "internationalize" the yuan, increasing the currency's use for trade, investment, and perhaps even one day as a reserve.
WSJ: Business Asia: The Quietly International Yuan
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As debates over whether or how China should internationalize its currency, the renminbi, rage on, it is striking to see what remains missing from the dialogue: Africa.
FORBES: China's Yuan Internationalization: Made In Africa, Not Hong Kong
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Whether it was efforts to internationalize exchange in services, symbolized by a burgeoning export of medical services, as people came from all over the world for high-quality medical procedures.
WHITEHOUSE: The U.S.-India Economic Relationship in the 21st Century
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The Ministry of Education (MOE) has become increasingly involved in the nation's efforts to internationalize education by establishing closer bilateral relations with other countries in the field of education.
UNESCO: BACKGROUND