People who deal with the Chinese economy, in particular, may be keeping a close eye on the aftershock in the UK. Following the Hinkley Point approval, which will give Chinese interests a central role to play in the UK’s nuclear industry moving forward, there figures to be more activity between the two economies.
Britain to become the first western country to issue a bond in China’s currency, the renminbi (RMB, 人民币). The Chancellor announced Britain’s intention to become the first western country to issue a bond in China’s currency.
On December 5, 2013, the People’s Bank of China, Ministry of Information Industry, China Banking Regulatory Commission, China Securities Regulatory Commission, and China Insurance Regulatory Commission jointly issued a notice warning citizens about the risks of Bitcoin. The immediate response was a steep drop in the bitcoin price, led by the Chinese exchanges.