While it is not included in the mainstream financial news agency reports about the United Kingdom Treasury Department's plan to issue bonds denominated in Chinese currency --
http://www.reuters.com/article/2014/09/12/bri...nbi-idUSL5N0...
http://www.bloomberg.com/news/2014-09-12/u...uan-denomina...
-- nor in the official U.K. Treasury statement --
https://www.gov.uk/government/news/grea...-china-dialo...
-- the Chinese official news agency Xinhua quotes the British treasury secretary, George Osborne, as saying that the U.K. government has confidence in the Chinese yuan's "potential" to become "the main global reserves currency."
Did Osbourne really say it? Did he say it just for Chinese consumption and are the Western news organizations omitting it to oblige? It's a good bet that no one in those news organizations will be asking.
The Xinhua report is appended.
