From: news.xinhuanet.com
November 06, 2009 16:55 Beijing Time
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    GUANGZHOU, Nov. 6 (Xinhua) -- All businessman Liu Dingjun wants for Christmas is a Chinese currency-denominated trade settlement service for his exports.

    Liu is general manager of Liaoning Tonghui Import and Export LLC, which has exported Christmas gifts for more than a decade from Dalian city, northeast China's Liaoning Province.

    He told Xinhua Friday that though the U.S. dollar's continuing decline made him anxious, it was not yet feasible for his company to resort to the yuan, or Renminbi, for a better alternative.

    China's foreign trade sector has long made deals in the U.S. dollar. In early July, China launched a pilot program of cross-border trade settlement in the yuan in some mainland cities, including Shanghai, Guangzhou, Shenzhen, Zhuhai and Dongguan, for trade with Hong Kong, Macao and some regional trading partners.

  &nb...

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