Credit to: Tax Avoidance News : China, Britain strengthen cooperation to push yuans global use ooohhh yuan..
China wants yuan to dominate global currency... US Clearing Center Is China's Latest Move to Make Yuan Global Currency September 23, 2016 - China this week established the first clearing center for the Chinese yuan, or RMB, in the United States. The move is seen by some as a signal China wants to take on the dollar on its home turf.
not sure how selling bonds helps circulate currency. britons buy w/ pounds. when they redeem, its for pounds. where does the yuan come into play in terms of being used as a trading currency from this move? if they wanted to increase use of yaun, i think better strategy would be to stop printing the yaun so its buying power held. foreigners would recognize its soundness and that combined with their organic economic growth would increase demand for the yuan and therefore prevalency...