China–UAE News
Malaysia and China Discuss Advancing ASEAN-China-GCC Economic Ties and Currency Settlement
Malaysian Deputy Prime Minister Ahmad Zahid Hamidi met Chinese Vice-Premier Ding Xuexiang in Beijing to advance trilateral economic cooperation between ASEAN, China, and the GCC. Discussions focused on building toward a trilateral agreement and promoting greater use of the Chinese renminbi in China-GCC trade. Officials noted that expanded local currency trade could impact exchange rates among the renminbi, the Malaysian ringgit, and GCC currencies.
