China’s yuan hits headwinds in bid to be global currency

China’s campaign to get the world using its currency, the yuan, is hitting headwinds in corporate boardrooms, raising doubts as to whether it will ever challenge the dominance of the US dollar in global trade and finance.

Despite aggressive marketing by banks touting its benefits and steady pressure from China itself, the multinationals whose acceptance will ultimately determine the fate abroad of the yuan, or renminbi, remain reluctant.

via Business feed http://www.scmp.com/business/economy/article/1182943/chinas-yuan-hits-headwinds-bid-be-global-currency