The renminbi has further emerged as an international currency, with widespread usage of the currency seen in cross-border trade settlements, yet the process still faces prominent challenges of trading partners' reluctance to accept the Chinese currency and policy complexity, a think tank said in a report. The report, released by the International Monetary Institute at Renmin University of China on Monday, surveyed 1,657 Chinese and foreign companies and found that more than 70 percent of polled respondents have used the renminbi in trade settlements. Nearly 60 percent of them have made renminbi foreign exchange ... (full story)