Yuan use for trade deals growing despite volatility, interventions

Hong Kong

MORE China trade is expected to be settled in yuan this year despite concerns about its cooling economy and fears that the currency could weaken further.

Heavy interventions by the central bank in recent months to steady the currency and deter speculators have raised questions about China's foreign exchange policy and threatened to slow Beijing's steady push to internationalise the "redback".

But analysts say that while many companies may now be more cau…