Turkey and China have agreed to only use their own currency’s when trading, instead of the US Dollar. They also want to triple the trade between them. Lately China is trying to raise the profile of their Yuan so it would play a bigger role in the world economy.
Although Turkey has a huge trade deficit with China, because the Chinese keep the Yuan low, they did not complain about it, in contrast to the EU and US. Probably because of their good bilateral relations.
Although Turkey has a huge trade deficit with China, because the Chinese keep the Yuan low, they did not complain about it, in contrast to the EU and US. Probably because of their good bilateral relations.
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