Friday, April 5, 2013

Australia's Trading Deal with China

The Australian Prime Minister, Julia Gillard, plans to secure a currency conversion with trading partner China in attempts to move towards converting the Chinese yuan in international markets. This intends to make the use of the U.S. currency less prominent in world markets. Also within the prime minister's trip six-day trip to China is a plan to assure China that Australia's defense agreements with the United States pose no threat to China and she hopes this meeting will serve its purpose as she becomes one of the first western leaders to meet China's new president, Xi Jinping.

http://www.cnn.com/2013/04/04/world/asia/australia-gillard-china-trip/?hpt=zite_zite5_featured

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