to become the largest RMB offshore business market second only to China’s
neighboring regions. Monetary transactions and investment business may become
new points for supporting China-EU economic and trade relations following
China-EU trade and direct investment. This also means that there is much room for
cooperation for China’s and the EU’s participation in globalfinancial governance.
Reference
Li, W. (2013). BRIC mechanism and internationalfinancial governance reform.International
Review, Issue 1.
7 China-EU Relations in the Context of Global Financial Governance 153