China's Yuan: IMF gives Chinese currency reserve status - Eurozone Economics: ECB expected announce extended stimulus measures - South Korea ratifies Free Trade Pact with China
The ECB has approved the yuan as a reserve currency. This is a symbolic but historic step for China, which can now establish its currency in Europe as a counterweight to the US dollar, says DW's Frank Sieren.
Announcing billions of yuan in financing, China's president has promised to assist countries along the new Silk Road. The ambitious "One Belt, One Road" initiative aims to expand links between Asia, Europe and Africa.
The Trump administration has refused to name any country as a currency manipulator. But it did say China, as well as Germany, should do more to reduce their trade surpluses with the US.
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