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SYDNEY -- From South Korea to India, from Africa to Latin America and Europe, businessmen and central bankers are now waiting intently to gain access to the yuan market as the eurozone crumbles under the massive weight of debt and the US economy marks time.
While China and the UK have been in talks in recent months to develop London as a yuan of shore market following the success of Hong Kong, Singapore and Malaysia are vying to become such centers in Southeast Asia as well.
Discussions are ongoing, a Singaporean analyst discloses to China Daily Asia Weekly on condition of anonymity....